It's that time again! Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed:

Valspar: "If we are going to go paint, I'm going to go PPG or I'm going to go Masco."

Match Group Inc: "I like it! They priced it to move and that's usually a good sign. I think it's a good idea."

Sirius XM Holdings: "Hold on to SIRI. They've got a good business model and it's a play on cars, actually."

Applied Materials Inc: "It's good ... we think it has turned the corner, but we like LAM more."

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Amplify Snack Brands: "No, I'm going to go Mondelez if I want snacks."

Parker-Hannifin: "I think Parker-Hannifin is undervalued here because people have written off American industry, and that is always a mistake."

Digimarc Corp: "Interesting. No real edge there for me. Don't really have enough to be able to go on. I like RR Donnelley in that kind of packaging space."

Johnson Controls Inc: "I think it's too cheap. You're not going to get overnight satisfaction but I do like the stock."

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