Y Intercept Hong Kong Ltd Raises Stake in Iridium Communications Inc $IRDM

25 Jan 2026, 08:00 by Renee Jackson · The Cerbat Gem

Y Intercept Hong Kong Ltd increased its position in shares of Iridium Communications Inc (NASDAQ:IRDM – Free Report) by 2,459.5% during the third quarter, Holdings Channel reports. The fund owned 345,226 shares of the technology company’s stock after acquiring an additional 331,738 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Iridium Communications were worth $6,028,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Quantinno Capital Management LP boosted its holdings in shares of Iridium Communications by 3.1% during the second quarter. Quantinno Capital Management LP now owns 15,199 shares of the technology company’s stock worth $459,000 after purchasing an additional 461 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of Iridium Communications by 0.7% in the second quarter. Intech Investment Management LLC now owns 66,921 shares of the technology company’s stock worth $2,019,000 after acquiring an additional 473 shares during the last quarter. AdvisorShares Investments LLC raised its stake in Iridium Communications by 5.9% during the second quarter. AdvisorShares Investments LLC now owns 15,460 shares of the technology company’s stock worth $466,000 after purchasing an additional 860 shares during the period. Franklin Resources Inc. grew its stake in shares of Iridium Communications by 4.9% during the 2nd quarter. Franklin Resources Inc. now owns 23,343 shares of the technology company’s stock valued at $704,000 after buying an additional 1,094 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Iridium Communications by 16.0% during the 2nd quarter. Cetera Investment Advisers now owns 10,106 shares of the technology company’s stock worth $305,000 after buying an additional 1,392 shares during the last quarter. Hedge funds and other institutional investors own 84.36% of the company’s stock.

Iridium Communications Trading Down 0.1%

NASDAQ IRDM opened at $21.77 on Friday. The company has a debt-to-equity ratio of 4.02, a current ratio of 2.67 and a quick ratio of 1.93. Iridium Communications Inc has a 12 month low of $15.65 and a 12 month high of $34.45. The company’s fifty day moving average price is $17.82 and its two-hundred day moving average price is $20.56. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 1.32 and a beta of 0.55.

Iridium Communications (NASDAQ:IRDM – Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.09. Iridium Communications had a return on equity of 24.93% and a net margin of 14.44%.The firm had revenue of $226.94 million for the quarter, compared to analysts’ expectations of $222.13 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Iridium Communications’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, research analysts predict that Iridium Communications Inc will post 0.89 earnings per share for the current fiscal year.

Iridium Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, December 15th. Iridium Communications’s dividend payout ratio is 53.10%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IRDM. Morgan Stanley reiterated an “equal weight” rating and issued a $24.00 target price (down previously from $37.00) on shares of Iridium Communications in a report on Friday, January 16th. Barclays cut their target price on shares of Iridium Communications from $31.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 1st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Iridium Communications in a report on Thursday. Finally, BWS Financial reissued a “sell” rating and issued a $16.00 price objective on shares of Iridium Communications in a research report on Friday, October 24th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $25.00.

Get Our Latest Analysis on Iridium Communications

Insider Buying and Selling at Iridium Communications

In related news, CEO Matthew J. Desch acquired 20,000 shares of Iridium Communications stock in a transaction that occurred on Thursday, October 30th. The stock was acquired at an average price of $17.33 per share, with a total value of $346,600.00. Following the completion of the acquisition, the chief executive officer directly owned 1,127,019 shares of the company’s stock, valued at $19,531,239.27. This trade represents a 1.81% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert H. Niehaus bought 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The stock was bought at an average price of $17.49 per share, with a total value of $524,700.00. Following the transaction, the director directly owned 297,363 shares in the company, valued at $5,200,878.87. This represents a 11.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 30,967 shares of company stock valued at $557,406 in the last quarter. Corporate insiders own 2.40% of the company’s stock.

Iridium Communications Company Profile

(Free Report)

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).