Summit Partners Public Asset Management LLC Trims Stake in Mirion Technologies, Inc. $MIR

Summit Partners Public Asset Management LLC reduced its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 58.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 500,000 shares of the company’s stock after selling 700,000 shares during the quarter. Summit Partners Public Asset Management LLC’s holdings in Mirion Technologies were worth $11,710,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Mirion Technologies by 28.0% during the third quarter. Vanguard Group Inc. now owns 30,418,327 shares of the company’s stock valued at $707,530,000 after acquiring an additional 6,651,735 shares in the last quarter. Tudor Investment Corp ET AL raised its position in Mirion Technologies by 174,900.0% during the third quarter. Tudor Investment Corp ET AL now owns 17,500,000 shares of the company’s stock valued at $407,050,000 after acquiring an additional 17,490,000 shares in the last quarter. State Street Corp raised its position 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 acquiring an additional 382,449 shares in the last quarter. Cooperman Leon G raised its position in Mirion Technologies by 17.7% during the third quarter. Cooperman Leon G now owns 8,383,441 shares of the company’s stock valued at $194,999,000 after acquiring an additional 1,258,441 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Mirion Technologies by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 5,786,596 shares of the company’s stock valued at $135,545,000 after acquiring an additional 157,687 shares in the last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Mirion Technologies Stock Up 3.5%

Shares of MIR opened at $17.35 on Wednesday. The company has a current ratio of 3.19, a quick ratio of 2.63 and a debt-to-equity ratio of 0.63. Mirion Technologies, Inc. has a 12 month low of $15.58 and a 12 month high of $30.28. The stock’s 50 day moving average is $18.53 and its two-hundred day moving average is $21.45. The firm has a market cap of $4.34 billion, a P/E ratio of 173.46 and a beta of 1.03.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The company had revenue of $257.60 million for the quarter, compared to analyst estimates of $244.78 million. During the same period last year, the company earned $0.10 earnings per share. Mirion Technologies’s quarterly revenue was up 27.5% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Analysts predict that Mirion Technologies, Inc. will post 0.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MIR. Melius Research upgraded Mirion Technologies to a “strong-buy” rating in a research report on Monday, March 23rd. Morgan Stanley dropped their price objective on Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 11th. JPMorgan Chase & Co. dropped their price objective on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Citigroup dropped their price objective on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, Robert W. Baird dropped their price objective on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Mirion Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $27.13.

Insider Buying and Selling

In other news, CAO Christopher A. Moore sold 8,400 shares of Mirion Technologies stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $19.64, for a total value of $164,976.00. Following the sale, the chief accounting officer directly owned 22,157 shares of the company’s stock, valued at $435,163.48. The trade was a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.20% of the company’s stock.

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.