Three Midcap Stocks That May Gain From Recovery

Summary

  • MACOM Technology Solutions clocked revenue of US$150.6 million in Q2.
  • Electric is headquartered in the UK. It makes electrical equipment and solutions for various industries and building projects.

  • The stock of lifestyle brand Guess surged 39% YTD.

Midcap stocks are in plenty these days but choosing the right one could be a challenge. Like penny stocks, midcap stocks have growth potential.

These stocks sometimes grow to become large-cap stocks. They are also likely to get help from financial institutions by way of loan or investments as they are in the business for some time. However, not all make the grades for financial assistance. There also may be firms struggling to get a grip in the industry despite their presence in the market for long.

We explore here 3 midcap stocks to understand what they do and how they performed.

MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI)

MACOM makes semiconductors for various industries, including defence and telecommunication. The company was founded in Massachusetts in 1950.

The stock was trading at US$58.97 at 2:23 pm ET on Thursday, May 27, an increase of 2.65% from the previous close. The stock gained around 4% YTD.

MACOM has a market cap of US$3.9 billion. It clocked revenue of US$150.6 million in Q2 ended April 2021, an increase of about 19% from US$126.4 million YoY. It saw a net income of US$36.1 million, or US$0.51 per share, during the period.

Membership of its Medical Advantage Program rose 18% YoY in Q2.                       


Also read: Three Mid-Cap Stocks That Hold Promise For Long-Term Investors

     Source: Pixabay.              

nVent Electric plc (NYSE: NVT)

nVent Electric is headquartered in the UK. It makes electrical equipment and solutions for various industries and building projects.

The stock was trading at US$32.44  at 2:35 pm ET on Thursday, May 27, up  2.06% from the previous close. The stock went up by 43% YTD.

Its market capitalisation is US$5.33 billion.

Also read: Three small-cap stocks that can make a giant leap in 2021

Guess, Inc. (NASDAQ: GES)

Guess is a California-based clothing company. It makes lifestyle products for all age groups and gender. It has operations in the Americas, Europe, and Asia.

Guess has both retail and wholesale business.

The stock was trading at US$30.69 at 2:45 pm ET on Thursday, May 27, an increase of 2.68% from the previous close. The stock went up by 39% YTD.  

Its Q4 fiscal 2021 revenue was US$648, a decline of 23% YoY. It logged revenue of US$1.88 billion for the fiscal full-year of 2021, a decrease of 30% YoY.

Also read: 5 money-making tips for investment in FTSE’s mid-cap stocks

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