327,899 Shares in Iridium Communications Inc $IRDM Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Iridium Communications Inc (NASDAQ:IRDM) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 327,899 shares of the technology company’s stock, valued at approximately $17,985,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in Iridium Communications by 33.0% during the 1st quarter. Royal Bank of Canada now owns 48,325 shares of the technology company’s stock worth $1,320,000 after purchasing an additional 11,985 shares during the last quarter. Amundi raised its position in shares of Iridium Communications by 1,243.0% in the first quarter. Amundi now owns 40,479 shares of the technology company’s stock valued at $1,035,000 after buying an additional 37,465 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Iridium Communications by 16.7% in the first quarter. Goldman Sachs Group Inc. now owns 232,231 shares of the technology company’s stock worth $6,345,000 after buying an additional 33,191 shares in the last quarter. United Services Automobile Association acquired a new position in Iridium Communications during the first quarter worth about $218,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Iridium Communications by 16.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 539,566 shares of the technology company’s stock worth $14,741,000 after acquiring an additional 75,060 shares during the last quarter. Hedge funds and other institutional investors own 84.36% of the company’s stock.

Insider Buying and Selling

In other Iridium Communications news, Director Thomas Fitzpatrick sold 209,233 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $50.22, for a total transaction of $10,507,681.26. Following the completion of the sale, the director owned 58,306 shares of the company’s stock, valued at $2,928,127.32. This trade represents a 78.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Suzanne E. Mcbride sold 85,454 shares of Iridium Communications stock in a transaction on Monday, August 17th. The shares were sold at an average price of $50.28, for a total value of $4,296,627.12. Following the completion of the sale, the insider owned 282,017 shares in the company, valued at $14,179,814.76. This represents a 23.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 375,919 shares of company stock valued at $18,878,997 in the last ninety days. Company insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on IRDM shares. Morgan Stanley increased their price objective on shares of Iridium Communications from $26.00 to $54.00 and gave the company an “equal weight” rating in a report on Tuesday, June 30th. Weiss Ratings restated a “hold (c)” rating on shares of Iridium Communications in a research report on Friday, July 10th. Oppenheimer increased their price target on Iridium Communications from $48.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. William Blair lowered Iridium Communications from an “outperform” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Raymond James Financial restated a “market perform” rating on shares of Iridium Communications in a report on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $38.67.

Iridium Communications News Roundup

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

• Positive Sentiment: Rocket Lab’s chief executive reportedly discussed an $8 billion Iridium deal, potentially renewing investor interest in strategic or merger-related activity involving Iridium Communications. However, the report does not establish that a transaction has been agreed to or is under consideration by Iridium. Rocket Lab CEO Says $8 Billion Iridium Deal
• Positive Sentiment: Iridium recently declared a quarterly dividend of $0.15 per share, equivalent to $0.60 annually and a yield of approximately 1.2%. The payout may support income-oriented demand, although the 68.18% payout ratio leaves less room for rapid dividend growth. Satellite Stocks Driving Industry Growth
• Neutral Sentiment: Analyst sentiment remains mixed, with the consensus rating at Hold. While some analysts have raised price targets, the reported average target of $38.67 is below recent trading levels, highlighting valuation concerns after IRDM’s strong run.
• Negative Sentiment: Insiders sold approximately 375,919 shares worth $18.9 million in transactions dated August 17–18. The sales included executives and directors, making the breadth of the activity a notable near-term confidence signal for investors. Iridium Insider Selling Report
• Negative Sentiment: Director Thomas Fitzpatrick made the largest sale, disposing of 209,233 shares for roughly $10.5 million and reducing his reported stake by 78.21%. Other sales included significant reductions by Suzanne McBride, Kathleen Morgan, Timothy Last and Timothy Kapalka.
• Negative Sentiment: SpaceX completed its 100th launch of 2026 and pushed Starlink beyond 11,000 satellites. The expanding constellation intensifies competition in satellite connectivity and could pressure investor perceptions of Iridium’s long-term growth prospects. Starlink Passes 11,000 Satellites
• Negative Sentiment: Iridium’s approximately 55-times earnings valuation and most recent quarterly EPS miss leave the stock vulnerable to profit-taking, even though quarterly revenue exceeded estimates and rose 3.8% year over year.

Iridium Communications Stock Performance

NASDAQ:IRDM opened at $48.45 on Friday. The company has a debt-to-equity ratio of 3.70, a current ratio of 2.78 and a quick ratio of 2.31. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 55.06, a PEG ratio of 3.93 and a beta of 0.88. The company’s 50-day moving average is $48.13 and its two-hundred day moving average is $38.81. Iridium Communications Inc has a 1-year low of $15.65 and a 1-year high of $57.18.

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

Iridium Communications Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, September 15th. Iridium Communications’s dividend payout ratio is presently 68.18%.

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.