12 Stocks on Jim Cramer’s Radar Recently

4. Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 94

A caller asked Cramer’s thoughts on Micron Technology, Inc. (NASDAQ:MU), and he commented:

“You know, Micron is at 10 times earnings. I really wanted it at six, seven times earnings. That said, Micron is a one-way stock. It has a great year and then a bad year. The stock has been more than cut in half. I’m willing to venture that, more than cut in half. You can put a quarter position on no more than that, and then wait for it to drop back down. It’s at $71, it traded at $61. I would buy another quarter if it traded at $61 and then wait and see, but it is not an up stock as much as I like it.”

Micron (NASDAQ:MU) focuses on creating and producing memory and storage technologies. It provides fast, low-latency semiconductor components and non-volatile memory products.