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:

Ambarella: "You can't own any of these semis right now. Why? Because if they are in cellphones or if they are in devices, they are just way oversupplied. And then Intel really kiboshed the last of the semis."

: "Valley National has got a 5 percent yield, and I think it's a good bank. I think I would do it."

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Clorox: "I want Clorox to come down. If Clorox were to come down $2 or $3, I'm going to be totally agreeing. Why? Because it's still too close to its high with the market coming in."

NVIDIA Corp: "NVIDIA has come down to a level where I think you pull it. 17 percent decline, and it's a very good company."

Westrock: "This is packaging. IP can't get out of its own way, so I've got to say no to packaging right now. Very close to finding a place to do it to pull the trigger, though."

Acuity Brands: "It's a high multiple stock. I think the world of the company, the stock in this particular environment happens to be over-valued. But I would want to recommend the stock, even if it just went down just a little bit more because it is such a good company. Down 16 percent, I would pull the trigger there, too."

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