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:

Skyworks Solutions, Inc.: "Everybody was worried today. I was looking at Eric Johnson's piece talking about the decline in Cirrus Logic and we know that, obviously, there was a problem with one supplier over in Europe. I have to tell you, I see the money, just hot money, back and forth in Skyworks. Let's take a pause. Let it come in. Let, tomorrow, some analysts panic and downgrade and then you can do some buying. That tends to be what analysts do."

Exelon: "Oh, sure it could [get to more than $40 per share]. Look, it's a utility that I didn't like for a long time that has gotten much better. It did a couple of merger that really helped. I think you're fine, particularly with the 10-year at 2.2 [percent]."

Valley National Bancorp: "Yes, they did [always use to be buying banks]. They were very acquisitive, and I have to tell you, I happen to like Valley. I think it's a good situation, New Jersey bank, done some business with them at one point, and I think that they are a good buy and I would hold on to that understanding that the banks are under a great deal of pressure because interest rates are so low."

AxoGen: "That's regenerative medicine, and I've got to tell you, that stock has had a major, major move and that is an incredibly difficult area. That's why I would say ka-ching, ka-ching on at least half."

Transocean Ltd.: "Sell, sell, sell. I got Schlumberger under $80, what do I need with those guys? I mean, come on. Let's move our quality up. Don't go for Twinkie, go for Tastykake. Well, I mean, maybe even higher than that."

Science Applications International: "I've got to tell you, I think it's a Trump trade. And you know what a Trump trade is these days: sell, sell, sell. Say no more."

NuStar Energy L.P.: "That's a transporter of crude oil. That is a very tough business. I think you're taking on a little too much risk for that yield. I'm a little concerned. I don't like to reach for yield. That worries me."

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