309,229 Shares in Iridium Communications Inc $IRDM Acquired by Tema ETFs LLC

Tema ETFs LLC bought a new position in Iridium Communications Inc (NASDAQ:IRDM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 309,229 shares of the technology company’s stock, valued at approximately $16,961,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC increased its position in shares of Iridium Communications by 1,750.0% during the 1st quarter. Root Financial Partners LLC now owns 1,332 shares of the technology company’s stock valued at $37,000 after purchasing an additional 1,260 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Iridium Communications by 107.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,430 shares of the technology company’s stock valued at $25,000 after buying an additional 741 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Iridium Communications by 392.8% in the third quarter. Larson Financial Group LLC now owns 1,508 shares of the technology company’s stock valued at $26,000 after buying an additional 1,202 shares during the period. Kestra Advisory Services LLC bought a new position in Iridium Communications during the fourth quarter valued at about $27,000. Finally, CIBC Private Wealth Group LLC bought a new position in Iridium Communications during the third quarter valued at about $32,000. 84.36% of the stock is owned by institutional investors.

Iridium Communications Price Performance

IRDM stock opened at $49.38 on Wednesday. Iridium Communications Inc has a one year low of $15.65 and a one year high of $57.18. The firm has a 50-day moving average of $47.94 and a two-hundred day moving average of $37.42. The firm has a market capitalization of $5.23 billion, a PE ratio of 56.11, a P/E/G ratio of 3.99 and a beta of 0.88. The company has a current ratio of 2.78, a quick ratio of 2.31 and a debt-to-equity ratio of 3.70.

Iridium Communications (NASDAQ:IRDM) last released its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.19). Iridium Communications had a net margin of 10.55% and a return on equity of 22.57%. The firm had revenue of $225.24 million for the quarter, compared to analyst estimates of $220.32 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. On average, analysts forecast that Iridium Communications Inc will post 0.95 earnings per share for the current year.

Iridium Communications Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. Iridium Communications’s dividend payout ratio is presently 68.18%.

Analyst Ratings Changes

Several equities research analysts have commented on IRDM shares. Morgan Stanley boosted their price target on shares of Iridium Communications from $26.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Iridium Communications in a report on Friday, July 10th. BWS Financial restated a “sell” rating and set a $16.00 target price on shares of Iridium Communications in a report on Monday, April 27th. Raymond James Financial restated a “market perform” rating on shares of Iridium Communications in a research report on Friday, April 24th. Finally, New Street Research upgraded Iridium Communications from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.67.

Trending Headlines about Iridium Communications

Here are the key news stories impacting Iridium Communications this week:

• Positive Sentiment: Iridium announced amended bylaws and declared a cash dividend following its August 10 board meeting. The dividend provides a shareholder-return catalyst, although the announcement did not specify the payment amount or date. Iridium Communications Updates Bylaws and Declares Cash Dividend
• Positive Sentiment: Zacks Research raised its EPS forecasts for the third and fourth quarters of 2026 to $0.26 from $0.24, lifted its FY2027 estimate to $1.13 from $1.08, and increased its Q3 2027 estimate to $0.30 from $0.28. These revisions suggest improving expectations for near- and medium-term profitability.
• Positive Sentiment: Iridium was highlighted as one of the satellite-communications stocks helping drive the space economy, alongside EchoStar and Sirius XM. The company’s strong performance among the Procure Space ETF’s holdings may support investor interest in IRDM. 3 Satellite Communications Stocks Powering UFO
• Neutral Sentiment: Reported short interest was listed at zero shares, unchanged from the prior period, with a zero-day days-to-cover ratio. Because the data includes an invalid “NaN” percentage change, it provides no meaningful signal about short-selling pressure.
• Negative Sentiment: Zacks lowered its Q1 2028 EPS estimate to $0.35 from $0.36, Q2 2028 to $0.30 from $0.35, and FY2028 to $1.32 from $1.52. The longer-term reductions point to more cautious expectations for future earnings growth.

Iridium Communications Company Profile

Iridium Communications Inc operates a global satellite communications network that delivers voice and data services across land, sea and air. The company’s unique architecture relies on a constellation of 66 low-Earth orbit satellites, enabling real-time connectivity in regions beyond the reach of terrestrial wireless networks. Iridium’s core offerings include satellite voice and messaging services, broadband data terminals, push-to-talk (PTT) interoperability and machine-to-machine (M2M) solutions for the Internet of Things (IoT).

Iridium serves a diverse range of markets, including maritime shipping, aviation, government and defense, energy, and enterprise.