UBS Group AG Sells 95,308 Shares of Iridium Communications Inc $IRDM

Posted by Geri Gentry on May 12th, 2026

UBS Group AG lowered its stake in shares of Iridium Communications Inc (NASDAQ:IRDM – Free Report) by 7.0% in the fourth quarter, Holdings Channel reports. The firm owned 1,273,219 shares of the technology company’s stock after selling 95,308 shares during the period. UBS Group AG’s holdings in Iridium Communications were worth $22,129,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Iridium Communications by 7.1% during the 4th quarter. Vanguard Group Inc. now owns 10,157,227 shares of the technology company’s stock worth $176,533,000 after buying an additional 677,258 shares during the period. ARK Investment Management LLC lifted its position in Iridium Communications by 21.7% during the 3rd quarter. ARK Investment Management LLC now owns 6,490,108 shares of the technology company’s stock worth $113,317,000 after acquiring an additional 1,156,580 shares during the last quarter. Silver Heights Capital Management Inc boosted its holdings in Iridium Communications by 22.7% during the third quarter. Silver Heights Capital Management Inc now owns 5,189,703 shares of the technology company’s stock valued at $90,612,000 after acquiring an additional 961,440 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Iridium Communications by 0.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,343,670 shares of the technology company’s stock valued at $75,840,000 after purchasing an additional 27,907 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Iridium Communications by 265.8% in the third quarter. Millennium Management LLC now owns 3,039,731 shares of the technology company’s stock worth $53,074,000 after purchasing an additional 2,208,857 shares during the period. Institutional investors and hedge funds own 84.36% of the company’s stock.

Insider Activity

In other news, CAO Timothy Kapalka sold 3,790 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $31.00, for a total transaction of $117,490.00. Following the completion of the transaction, the chief accounting officer directly owned 47,764 shares of the company’s stock, valued at approximately $1,480,684. This trade represents a 7.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.70% of the company’s stock.

Iridium Communications Trading Up 4.1%

Iridium Communications stock opened at $43.15 on Tuesday. The business has a 50 day moving average price of $32.18 and a two-hundred day moving average price of $23.47. The company has a quick ratio of 2.21, a current ratio of 2.85 and a debt-to-equity ratio of 3.74. Iridium Communications Inc has a 12 month low of $15.65 and a 12 month high of $44.36. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 43.59, a price-to-earnings-growth ratio of 2.82 and a beta of 0.79.

Iridium Communications (NASDAQ:IRDM – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The technology company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.07). The firm had revenue of $219.06 million for the quarter, compared to analyst estimates of $218.39 million. Iridium Communications had a return on equity of 22.76% and a net margin of 12.05%.Iridium Communications’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 EPS. As a group, equities analysts forecast that Iridium Communications Inc will post 1.04 EPS for the current year.

Iridium Communications Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently weighed in on IRDM. BWS Financial restated a “sell” rating and set a $16.00 target price on shares of Iridium Communications in a research note on Monday, April 27th. Morgan Stanley upped their price target on Iridium Communications from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 18th. Weiss Ratings raised Iridium Communications from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, March 10th. Raymond James Financial reaffirmed a “market perform” rating on shares of Iridium Communications in a research report on Friday, April 24th. Finally, Barclays upped their target price on shares of Iridium Communications from $25.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $26.00.

Check Out Our Latest Analysis on Iridium Communications

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).

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