Jim Cramer’s Latest Lightning Round: 8 Stocks in Focus

2. Seagate Technology Holdings plc (NASDAQ:STX)

Number of Hedge Fund Holders: 52

A caller highlighted Seagate Technology Holdings plc’s (NASDAQ:STX) 3% dividend, PE of 16, and recent quarter-over-quarter growth. When they asked for Cramer’s thoughts on the stock, he said:

“Alright, Seagate. Okay, now this is a very cheap stock, but cheap for a reason. It’s because the business is very cutthroat and I suggest that if you wanted to go in this business, you wanted to go into storage, I am going to send you honestly to Broadcom. I’d rather see them, they got storage too.”

Seagate (NASDAQ:STX) offers data storage products, such as hard drives, solid-state drives, and external storage solutions, catering to a variety of uses including enterprise and gaming. It is worth noting that Cramer expressed a similar opinion about the company in January when he said:

“You know what, this stock, I have to tell you, it has never ever done well in the time that I’ve watched it and it’s always been cheap. I’m calling it a value trap. If you like Seagate, I say that you will love Broadcom.”