Vanguard Group Inc. Has $176.53 Million Stock Position in Iridium Communications Inc $IRDM

Vanguard Group Inc. raised its holdings in Iridium Communications Inc (NASDAQ:IRDM) by 7.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,157,227 shares of the technology company’s stock after acquiring an additional 677,258 shares during the period. Vanguard Group Inc. owned 0.10% of Iridium Communications worth $176,533,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IRDM. Millennium Management LLC grew its holdings in Iridium Communications by 265.8% in the 3rd quarter. Millennium Management LLC now owns 3,039,731 shares of the technology company’s stock valued at $53,074,000 after buying an additional 2,208,857 shares during the last quarter. Man Group plc grew its holdings in Iridium Communications by 226.3% in the 3rd quarter. Man Group plc now owns 2,012,077 shares of the technology company’s stock valued at $35,131,000 after buying an additional 1,395,485 shares during the last quarter. ARK Investment Management LLC grew its holdings in Iridium Communications by 21.7% in the 3rd quarter. ARK Investment Management LLC now owns 6,490,108 shares of the technology company’s stock valued at $113,317,000 after buying an additional 1,156,580 shares during the last quarter. Silver Heights Capital Management Inc grew its holdings in shares of Iridium Communications by 22.7% during the 3rd quarter. Silver Heights Capital Management Inc now owns 5,189,703 shares of the technology company’s stock worth $90,612,000 after purchasing an additional 961,440 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Iridium Communications by 124.8% during the 3rd quarter. Bank of America Corp DE now owns 1,581,142 shares of the technology company’s stock worth $27,607,000 after purchasing an additional 877,760 shares in the last quarter. Institutional investors and hedge funds own 84.36% of the company’s stock.

Key Stories Impacting Iridium Communications

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

• Positive Sentiment: Zacks Research raised its Q2 2026 earnings estimate to $0.21 per share from $0.19, indicating a modest improvement in the near-term outlook.
• Neutral Sentiment: A commentary piece highlighted “2 reasons to like IRDM and 1 to stay skeptical,” reinforcing that the stock still has both bullish and cautious views around it. 2 reasons to like IRDM and 1 to stay skeptical
• Negative Sentiment: Zacks Research lowered FY2026 EPS to $0.90 from $0.99 and trimmed FY2027 EPS to $1.08 from $1.16, pointing to softer profit expectations over the next two years.
• Negative Sentiment: The firm also cut several quarterly estimates, including Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, and Q1 2028, which may pressure valuation sentiment.
• Negative Sentiment: FY2028 EPS was reduced to $1.52 from $1.68, suggesting analysts see less upside in Iridium’s longer-term earnings power.

Iridium Communications Price Performance

Iridium Communications stock opened at $41.46 on Monday. The company has a debt-to-equity ratio of 3.74, a current ratio of 2.85 and a quick ratio of 2.21. The company has a market capitalization of $4.38 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 2.82 and a beta of 0.79. Iridium Communications Inc has a one year low of $15.65 and a one year high of $44.36. The business has a 50 day simple moving average of $31.41 and a 200 day simple moving average of $23.13.

Iridium Communications (NASDAQ:IRDM) last posted its earnings results on Thursday, April 23rd. The technology company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.07). The company had revenue of $219.06 million for the quarter, compared to the consensus estimate of $218.39 million. Iridium Communications had a return on equity of 22.76% and a net margin of 12.05%.Iridium Communications’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 EPS. On average, sell-side analysts forecast that Iridium Communications Inc will post 1.04 EPS for the current fiscal year.

Iridium Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a $0.15 dividend. The ex-dividend date was Monday, March 16th. This represents a $0.60 annualized dividend and a yield of 1.4%. Iridium Communications’s payout ratio is presently 60.61%.

Insider Transactions at Iridium Communications

In other Iridium Communications news, CAO Timothy Kapalka sold 3,790 shares of Iridium Communications stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $31.00, for a total value of $117,490.00. Following the completion of the transaction, the chief accounting officer owned 47,764 shares in the company, valued at approximately $1,480,684. The trade was a 7.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

IRDM has been the topic of several recent research reports. BWS Financial reissued a “sell” rating and set a $16.00 price objective on shares of Iridium Communications in a report on Monday, April 27th. Weiss Ratings raised Iridium Communications from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, March 10th. Barclays lifted their price objective on Iridium Communications from $25.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Morgan Stanley lifted their price objective on Iridium Communications from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 18th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Iridium Communications in a report on Friday, April 24th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.00.

About Iridium Communications

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.