In this article, we discuss the 5 best mid-cap stocks for 2021. If you want to read our detailed analysis of these stocks, go directly to the 15 Best Mid-Cap Stocks for 2021.
5. Alkermes plc (NASDAQ: ALKS)
Number of Hedge Fund Holders: 36
Alkermes plc (NASDAQ: ALKS) is a biopharmaceutical company with a focus on psychiatric and neurological disorders including schizophrenia as well as alcohol and opioid dependence. It is ranked fifth on our list of 15 best mid-cap stocks for 2021. The stock has returned over 88.98% to investors over the course of the past year.
On July 28, Alkermes plc (NASDAQ: ALKS) posted earnings for the second quarter of 2021, reporting earnings per share of $0.30, beating estimates by $0.18. The revenue over the period was around $304 million, up 22.70% year-over-year.
At the end of the second quarter of 2021, 36 hedge funds in the database of Insider Monkey held stakes worth $898 million in Alkermes plc (NASDAQ: ALKS), up from 31 the preceding quarter worth $596 million.
Out of the hedge funds tracked by Insider Monkey, Sarissa Capital Management has the most valubale stake in Alkermes plc (NASDAQ: ALKS) as of the end of the second quarter of 2021, worth close to $291 million, comprising 23.14% of its 13F portfolio.
On August 3, Mizuho reiterated its Buy rating on Alkermes plc (NASDAQ: ALKS) with a price target of $33, noting that the company will benefit from its cancer drug receiving FDA’s Fast Track designation.
4. Ambarella, Inc. (NASDAQ: AMBA)
Number of Hedge Fund Holders: 37
Ambarella, Inc. (NASDAQ: AMBA) is a California-based fabless semiconductor design company that it designs and sells semiconductors for image and video processing and compression while outsourcing its semiconductor manufacturing. It is ranked fourth on our list of 15 best mid-cap stocks for 2021. The stock has returned over 107.05% to investors over the course of the past year.
On June 1, Ambarella, Inc. (NASDAQ: AMBA) posted earnings for the first quarter of 2021, reporting earnings per share of $0.23, beating estimates by $0.06. The revenue over the period was around $70 million, up 28.34% year-over-year.
At the end of the second quarter of 2021, 37 hedge funds in the database of Insider Monkey held stakes worth $342 million in Ambarella, Inc. (NASDAQ: AMBA), up from 35 the preceding quarter worth $287 million.
Out of the hedge funds tracked by Insider Monkey, billionaire Jim Simons’s Renaissance Technologies has the most valuable stake in Ambarella, Inc. (NASDAQ: AMBA) as of the end of the second quarter of 2021, worth close to $54 million, comprising 0.06% of its 13F portfolio.
3. SolarEdge Technologies, Inc. (NASDAQ: SEDG)
Number of Hedge Fund Holders: 37
SolarEdge Technologies, Inc. (NASDAQ: SEDG) is an energy technology company mainly developing and producing solar inverters as well as energy storage products. It is ranked third on our list of 15 best mid-cap stocks for 2021. The stock has returned over 30.66% to investors over the course of the past year.
On August 2, SolarEdge Technologies, Inc. (NASDAQ: SEDG) posted earnings for the second quarter of 2021, reporting earnings per share of $1.28, beating estimates by $0.17. The revenue over the period was around $480 million, up 44.66% year-over-year.
At the end of the second quarter of 2021, 37 hedge funds in the database of Insider Monkey held stakes worth $676 million in SolarEdge Technologies, Inc. (NASDAQ: SEDG), up from 32 the preceding quarter worth $421 million.
Out of the hedge funds tracked by Insider Monkey, billionaire Ken Griffin’s Citadel increased its stake in SolarEdge Technologies, Inc. (NASDAQ: SEDG) by 1040% during the second quarter of 2021. This stake is worth $92 million, comprising 0.02% of its 13F portfolio. Among the hedge funds tracked by Insider Monkey, Impax Asset Management has the most valuable stake in SolarEdge Technologies, Inc. (NASDAQ: SEDG) as of the end of the second quarter of 2021, worth close to $212 million, comprising 0.93% of its 13F portfolio.
On August 4, Susquehanna boosted its price target on SolarEdge Technologies, Inc. (NASDAQ: SEDG) to $350 from $325 while reiterating a Positive rating. Susquehanna notes that the volumes of energy storage products SolarEdge Technologies, Inc. (NASDAQ: SEDG) sells are anticipated to rise in the next year.
2. Five Below, Inc. (NASDAQ: FIVE)
Number of Hedge Fund Holders: 42
Five Below, Inc. (NASDAQ: FIVE) is an American discount stores chain with over 1000 stores across the United States. It is ranked second on our list of 15 best mid-cap stocks for 2021. The stock has returned over 110.99% to investors over the course of the past year.
On July 3, Five Below, Inc. (NASDAQ: FIVE) posted earnings for the first quarter of 2021, reporting earnings per share of $0.88, beating estimates by $0.23. The revenue over the period was around $598 million, up 197.57% year-over-year.
At the end of the second quarter of 2021, 42 hedge funds in the database of Insider Monkey held stakes worth $783 million in Five Below, Inc. (NASDAQ: FIVE).
Out of the hedge funds tracked by Insider Monkey, Arrowstreet Capital has the most valuable stake in Five Below, Inc. (NASDAQ: FIVE) as of the end of the second quarter of 2021, worth close to $94 million, comprising 0.11% of its 13F portfolio.
On August 23, Deutsche Bank boosted its price target on Five Below, Inc. (NASDAQ: FIVE) to $271 from $254 and reiterated its Buy rating. Deutsche Bank noted that the company still had opportunities to increase market share and square footage.
1. The Mosaic Company (NYSE: MOS)
Number of Hedge Fund Holders: 43
The Mosaic Company (NYSE: MOS) is an American agricultural company, mining phosphate, and potash to produce and sell fertilizers. It is ranked first on our list of 15 best mid-cap stocks for 2021. The stock has returned over 72.49% to investors over the course of the past year.
On August 3, The Mosaic Company (NYSE: MOS) posted earnings for the second quarter of 2021, reporting earnings per share of $1.17, beating estimates by $0.16. The revenue over the period was around $2.80 billion, up 36.97% year-over-year.
At the end of the second quarter of 2021, 43 hedge funds in the database of Insider Monkey held stakes worth $809 million in The Mosaic Company (NYSE: MOS), up from 38 the preceding quarter worth $945 million.
Out of the hedge funds tracked by Insider Monkey, Platinum Asset Management has the most valuable stake in The Mosaic Company (NYSE: MOS) as of the end of the second quarter of 2021, worth close to $110 million, comprising 2.55% of its 13F portfolio.
On August 4, RBC Capital boosted its price target on The Mosaic Company (NYSE: MOS) to $50 from $45 while reiterating an Outperform rating. RBC Capital noted that the strong fertilizer market that The Mosaic Company (NYSE: MOS) has benefitted from could persist for the next couple of years.
In its Q1 2021 Investor Letter, Appleseed Fund, an investment management firm mentioned The Mosaic Company (NYSE: MOS). Here is what the firm had to say:
“Our most significant contributors to the Fund’s equity performance during the quarter (includes) Mosaic Company (MOS). As for Mosaic, its share price has risen in sympathy with increasing grain prices, which should stimulate additional farmer investment into improving crop yields.”
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