Jim Cramer Recently Talked About These 12 Companies

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

Number of Hedge Fund Holders: 94

Discussing the market negativity recently, Cramer mentioned Micron Technology, Inc. (NASDAQ:MU) and stated:

“The negativity even extended to companies with reports that I thought were very positive, such as chipmaker Micron. When Micron reported last night after the close, the shares initially climbed nearly 7% in after-hours trading. But overnight investors decided that, well, in fact, they hated the quarter and the stock was well in the red before the opening bell.”

Micron (NASDAQ:MU) specializes in designing, developing, and manufacturing memory and storage products, offering high-speed, low-latency semiconductor devices and non-volatile memory solutions. On March 21, JPMorgan reduced its price target for MU stock to $135 from $145 and maintained an Overweight rating on the stock.

According to the analyst, Micron (NASDAQ:MU) posted “strong” revenue and earnings per share for the February-ending quarter, with sustained momentum and pricing strength in HBM outweighing a higher proportion of consumer sales in traditional DRAM and NAND. The firm expects the stock to continue outperforming through 2025 as the market factors in stronger revenue, margins, and earnings, but it lowered its price target after adjusting its forward estimates.