Summit Creek Advisors LLC Takes $3.56 Million Position in Mirion Technologies, Inc. $MIR

Summit Creek Advisors LLC bought a new stake in Mirion Technologies, Inc. (NYSE:MIR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 198,422 shares of the company’s stock, valued at approximately $3,558,000. Summit Creek Advisors LLC owned approximately 0.08% of Mirion Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of MIR. State Street Corp raised its stake in Mirion Technologies by 4.3% during the fourth quarter. State Street Corp now owns 9,198,795 shares of the company’s stock valued at $215,436,000 after purchasing an additional 382,449 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Mirion Technologies by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 5,786,596 shares of the company’s stock valued at $135,545,000 after buying an additional 157,687 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Mirion Technologies by 3.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,248,506 shares of the company’s stock valued at $122,920,000 after buying an additional 193,914 shares in the last quarter. UBS Group AG lifted its holdings in shares of Mirion Technologies by 1.2% in the 4th quarter. UBS Group AG now owns 4,852,587 shares of the company’s stock valued at $113,648,000 after acquiring an additional 55,754 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Mirion Technologies by 14.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,694,288 shares of the company’s stock valued at $87,240,000 after acquiring an additional 591,730 shares during the last quarter. Institutional investors own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MIR. The Goldman Sachs Group reissued a “buy” rating and set a $23.00 price objective on shares of Mirion Technologies in a research note on Wednesday, July 29th. Weiss Ratings raised Mirion Technologies from a “sell (d)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Morgan Stanley dropped their target price on Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, July 13th. Citigroup cut their target price on Mirion Technologies from $28.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, B. Riley Financial decreased their price target on Mirion Technologies from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Mirion Technologies presently has an average rating of “Moderate Buy” and an average target price of $26.25.

Mirion Technologies Stock Performance

Shares of NYSE:MIR opened at $15.29 on Wednesday. The company has a current ratio of 3.20, a quick ratio of 2.63 and a debt-to-equity ratio of 0.64. Mirion Technologies, Inc. has a 12 month low of $14.11 and a 12 month high of $30.28. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 152.85 and a beta of 1.05. The firm’s 50-day moving average is $16.57 and its 200 day moving average is $18.77.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, July 28th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $266.80 million during the quarter, compared to analyst estimates of $269.32 million. Mirion Technologies had a net margin of 2.39% and a return on equity of 6.59%. The business’s revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Research analysts predict that Mirion Technologies, Inc. will post 0.54 EPS for the current year.

Mirion Technologies Profile

Mirion Technologies Inc (NYSE: MIR) is a leading global provider of radiation detection, measurement and monitoring solutions. The company’s portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion’s product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.