Tema ETFs LLC Makes New Investment in Iridium Communications Inc $IRDM

Key Points

• Tema ETFs LLC purchased 309,229 Iridium shares worth approximately $17.0 million, giving it a 0.29% stake. Institutional investors collectively own 84.36% of the company.
• Iridium reported quarterly EPS of $0.09, missing the $0.28 consensus estimate, though revenue rose 3.8% year over year to $225.24 million. The company declared a quarterly dividend of $0.15 per share, equal to a 1.2% annualized yield.
• Analyst sentiment remains mixed, with three Buy, four Hold and one Sell rating; the consensus rating is Hold with an average price target of $38.67, below the stock’s reported $49.38 opening price.

Tema ETFs LLC purchased a new stake in Iridium Communications Inc (NASDAQ:IRDM - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 309,229 shares of the technology company's stock, valued at approximately $16,961,000. Tema ETFs LLC owned 0.29% of Iridium Communications as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in Iridium Communications by 7.1% in the fourth quarter. Vanguard Group Inc. now owns 10,157,227 shares of the technology company's stock valued at $176,533,000 after acquiring an additional 677,258 shares during the period. Silver Heights Capital Management Inc raised its position in shares of Iridium Communications by 1.2% during the 4th quarter. Silver Heights Capital Management Inc now owns 5,251,133 shares of the technology company's stock worth $91,265,000 after purchasing an additional 61,430 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Iridium Communications by 130.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 396,642 shares of the technology company's stock worth $7,044,000 after purchasing an additional 224,322 shares during the last quarter. Maxi Investments CY Ltd acquired a new position in Iridium Communications during the 4th quarter valued at approximately $7,369,000. Finally, Daiwa Securities Group Inc. boosted its position in Iridium Communications by 67.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 112,700 shares of the technology company's stock valued at $1,959,000 after purchasing an additional 45,400 shares during the period. Institutional investors own 84.36% of the company's stock.

More Iridium Communications News

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.

Analyst Ratings Changes

IRDM has been the topic of several analyst reports. Raymond James Financial reaffirmed a "market perform" rating on shares of Iridium Communications in a research report on Friday, April 24th. Weiss Ratings restated a "hold (c)" rating on shares of Iridium Communications in a research report on Friday, July 10th. Morgan Stanley increased their price objective on shares of Iridium Communications from $26.00 to $54.00 and gave the stock an "equal weight" rating in a report on Tuesday, June 30th. New Street Research upgraded shares of Iridium Communications from a "neutral" rating to a "buy" rating in a research report on Wednesday, July 22nd. Finally, Oppenheimer boosted their target price on shares of Iridium Communications from $48.00 to $60.00 and gave the company an "outperform" rating in a research note on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $38.67.

Iridium Communications Stock Up 0.1%

Shares of Iridium Communications stock opened at $49.38 on Wednesday. The company has a debt-to-equity ratio of 3.70, a current ratio of 2.78 and a quick ratio of 2.31. Iridium Communications Inc has a 1-year low of $15.65 and a 1-year high of $57.18. The business's fifty day moving average price is $47.94 and its two-hundred day moving average price is $37.42. The company has a market capitalization of $5.23 billion, a P/E ratio of 56.11, a PEG ratio of 3.99 and a beta of 0.88.

Iridium Communications (NASDAQ:IRDM - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.19). The business had revenue of $225.24 million during the quarter, compared to the consensus estimate of $220.32 million. Iridium Communications had a return on equity of 22.57% and a net margin of 10.55%.The company's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. As a group, research analysts forecast that Iridium Communications Inc will post 0.95 EPS for the current year.

Iridium Communications Announces Dividend

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

Iridium Communications 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.

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