Hsbc Holdings PLC Sells 16,848 Shares of Iridium Communications Inc $IRDM

Posted by Stanley Muller on Jul 30th, 2026

Hsbc Holdings PLC cut its holdings in Iridium Communications Inc (NASDAQ:IRDM – Free Report) by 38.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,510 shares of the technology company’s stock after selling 16,848 shares during the quarter. Hsbc Holdings PLC’s holdings in Iridium Communications were worth $768,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in IRDM. Quadrant Capital Group LLC raised its holdings in shares of Iridium Communications by 107.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,430 shares of the technology company’s stock valued at $25,000 after purchasing an additional 741 shares in the last quarter. Larson Financial Group LLC increased its position in Iridium Communications by 392.8% during the third quarter. Larson Financial Group LLC now owns 1,508 shares of the technology company’s stock worth $26,000 after buying an additional 1,202 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Iridium Communications during the fourth quarter worth $27,000. CIBC Private Wealth Group LLC bought a new position in Iridium Communications during the third quarter valued at about $32,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Iridium Communications by 10,363.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,988 shares of the technology company’s stock valued at $35,000 after buying an additional 1,969 shares in the last quarter. 84.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on IRDM shares. Oppenheimer upped their price target on Iridium Communications from $48.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Iridium Communications in a research note on Friday, July 10th. BWS Financial restated a “sell” rating and issued a $16.00 target price on shares of Iridium Communications in a report on Monday, April 27th. William Blair cut Iridium Communications from an “outperform” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Morgan Stanley increased their price target on Iridium Communications from $26.00 to $54.00 and gave the company an “equal weight” rating in a report on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $38.67.

Get Our Latest Report on Iridium Communications

Iridium Communications Stock Down 2.4%

Iridium Communications stock opened at $44.36 on Thursday. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 50.41, a P/E/G ratio of 3.59 and a beta of 0.87. 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 fifty-two week low of $15.65 and a fifty-two week high of $57.18. The firm has a fifty day moving average price of $48.08 and a two-hundred day moving average price of $35.56.

Iridium Communications (NASDAQ:IRDM – Get Free Report) last issued 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). Iridium Communications had a net margin of 10.55% and a return on equity of 22.57%. The business had revenue of $225.24 million during the quarter, compared to analyst estimates of $220.32 million. During the same period in the prior year, the business posted $0.20 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, analysts forecast that Iridium Communications Inc will post 0.97 earnings per share for the current year.

Iridium Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, June 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. Iridium Communications’s payout ratio is 68.18%.

Iridium Communications 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).

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