Texas Capital Bank Wealth Management Services Inc Buys New Holdings in IREN Limited $IREN

Texas Capital Bank Wealth Management Services Inc bought a new stake in IREN Limited (NASDAQ:IREN – Free Report) in the 4th quarter, Holdings Channel.com reports. The firm bought 17,657 shares of the company’s stock, valued at approximately $667,000.

Several other hedge funds have also recently bought and sold shares of the stock. Centaurus Financial Inc. lifted its position in IREN by 1.1% during the third quarter. Centaurus Financial Inc. now owns 31,482 shares of the company’s stock worth $1,477,000 after acquiring an additional 332 shares during the last quarter. Larson Financial Group LLC lifted its position in IREN by 26.7% during the third quarter. Larson Financial Group LLC now owns 1,590 shares of the company’s stock worth $75,000 after acquiring an additional 335 shares during the last quarter. Miller Wealth Advisors LLC lifted its position in IREN by 240.0% during the fourth quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock worth $26,000 after acquiring an additional 480 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in IREN during the fourth quarter worth approximately $26,000. Finally, Clearstead Trust LLC acquired a new stake in IREN during the fourth quarter worth approximately $27,000. 41.08% of the stock is currently owned by institutional investors and hedge funds.

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IREN News Summary

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN’s $1.6 billion Dell order for Blackwell systems supports its AI infrastructure expansion and strengthens its long-term revenue opportunity. IREN (IREN) Is Up 28.7% After US$1.6 Billion Nvidia Blackwell AI Infrastructure Deal – What’s Changed
• Positive Sentiment: Market commentary continues to frame IREN as a beneficiary of the shift from Bitcoin mining to AI data center infrastructure, which could support a higher valuation multiple over time.
• Neutral Sentiment: Analyst price targets remain generally constructive, with several recent buy ratings and targets above the current trading range.
• Negative Sentiment: Investors are worried about the large upfront capital commitment and the delayed timing of revenue from the Blackwell deployment, which increases execution risk. IREN slides after recent AI-driven rally as traders digest $1.6B Blackwell buildout spend and financing overhang
• Negative Sentiment: Recent convertible debt issuance may create hedging-related selling pressure and add dilution sensitivity for shareholders.

Analyst Ratings Changes

IREN has been the topic of several recent research reports. Weiss Ratings cut shares of IREN from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. Canaccord Genuity Group reaffirmed a “buy” rating and set a $70.00 target price on shares of IREN in a report on Tuesday, February 10th. JPMorgan Chase & Co. lifted their price objective on shares of IREN from $39.00 to $46.00 and gave the company an “underweight” rating in a research note on Monday, May 11th. Cantor Fitzgerald lifted their price objective on shares of IREN from $77.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, HC Wainwright lifted their price objective on shares of IREN to $85.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, IREN has an average rating of “Moderate Buy” and a consensus target price of $79.69.

Read Our Latest Research Report on IREN

IREN Stock Performance

NASDAQ IREN opened at $64.05 on Friday. The firm’s fifty day moving average price is $47.27 and its two-hundred day moving average price is $46.16. The stock has a market cap of $22.89 billion, a PE ratio of 133.44 and a beta of 4.17. IREN Limited has a fifty-two week low of $8.28 and a fifty-two week high of $76.87. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.72 and a current ratio of 3.72.

IREN (NASDAQ:IREN – Get Free Report) last posted its earnings results on Friday, May 8th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). The company had revenue of $144.80 million for the quarter, compared to the consensus estimate of $219.69 million. IREN had a negative return on equity of 13.13% and a net margin of 20.90%. On average, equities analysts expect that IREN Limited will post -1.09 EPS for the current fiscal year.

About IREN

(Free Report)

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

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