Mirion Technologies, Inc. $MIR is Pier Capital LLC's Largest Position

Key Points

• Pier Capital LLC trimmed its Mirion position by 8.7% to 794,826 shares (selling 76,202 shares) but Mirion still accounts for about 2.9% of Pier Capital's portfolio and is its largest holding; institutional investors own 78.51% of the stock.
• Several major analysts have cut price targets (e.g., JPMorgan to $30, Morgan Stanley to $27, Goldman to $29), yet the consensus remains a Moderate Buy with an average target of $27.63 while the stock trades near $20.06.
• Mirion slightly missed the quarter — EPS $0.15 vs. $0.16 expected and revenue $277.4M vs. $281.2M — though revenue was up 9.1% YoY, and the company issued FY2026 EPS guidance of $0.50–$0.57.

Pier Capital LLC cut its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 8.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 794,826 shares of the company's stock after selling 76,202 shares during the quarter. Mirion Technologies accounts for about 2.9% of Pier Capital LLC's investment portfolio, making the stock its largest holding. Pier Capital LLC owned 0.31% of Mirion Technologies worth $18,488,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in MIR. EverSource Wealth Advisors LLC boosted its holdings in shares of Mirion Technologies by 25.2% during the third quarter. EverSource Wealth Advisors LLC now owns 2,056 shares of the company's stock worth $48,000 after purchasing an additional 414 shares during the period. US Bancorp DE increased its stake in Mirion Technologies by 6.6% in the 3rd quarter. US Bancorp DE now owns 6,874 shares of the company's stock valued at $160,000 after buying an additional 425 shares during the period. Nisa Investment Advisors LLC increased its stake in Mirion Technologies by 16.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,909 shares of the company's stock valued at $91,000 after buying an additional 543 shares during the period. Oppenheimer & Co. Inc. lifted its position in Mirion Technologies by 1.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,062 shares of the company's stock worth $746,000 after buying an additional 550 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Mirion Technologies by 2.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 21,455 shares of the company's stock valued at $462,000 after buying an additional 557 shares during the period. Institutional investors and hedge funds own 78.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MIR shares. JPMorgan Chase & Co. dropped their price target on shares of Mirion Technologies from $33.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday. Evercore assumed coverage on Mirion Technologies in a research report on Tuesday, November 25th. They set an "outperform" rating and a $29.00 price objective for the company. Citigroup lowered their target price on Mirion Technologies from $32.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, February 12th. Morgan Stanley cut their price target on Mirion Technologies from $29.00 to $27.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group reduced their price target on Mirion Technologies from $33.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, February 12th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $27.63.

Mirion Technologies Price Performance

Shares of NYSE:MIR opened at $20.06 on Friday. The stock has a market capitalization of $5.02 billion, a P/E ratio of 182.35 and a beta of 0.99. The business has a 50-day moving average of $23.66 and a two-hundred day moving average of $23.98. Mirion Technologies, Inc. has a fifty-two week low of $12.00 and a fifty-two week high of $30.28. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 2.34.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.01). Mirion Technologies had a net margin of 3.11% and a return on equity of 6.97%. The company had revenue of $277.40 million for the quarter, compared to analyst estimates of $281.17 million. During the same period in the prior year, the company posted $0.17 EPS. The business's revenue was up 9.1% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. On average, equities research analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal 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.

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