Immersion Corporation (NASDAQ:IMMR - Get Free Report) declared a quarterly dividend on Monday, July 7th, NASDAQ Dividends reports. Investors of record on Wednesday, July 23rd will be given a dividend of 0.045 per share by the software maker on Friday, August 8th. This represents a $0.18 annualized dividend and a yield of 2.29%. The ex-dividend date is Wednesday, July 23rd.
Immersion Trading Down 0.4%
Shares of IMMR traded down $0.03 during trading hours on Friday, reaching $7.85. 418,715 shares of the company traded hands, compared to its average volume of 660,247. The company's fifty day moving average price is $7.64 and its two-hundred day moving average price is $7.87. The company has a quick ratio of 1.04, a current ratio of 1.72 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $254.31 million, a price-to-earnings ratio of 2.82 and a beta of 1.41. Immersion has a 12 month low of $6.47 and a 12 month high of $13.94.
Insider Activity at Immersion
In other Immersion news, CFO J Michael Dodson sold 5,921 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $7.53, for a total transaction of $44,585.13. Following the transaction, the chief financial officer directly owned 39,132 shares in the company, valued at $294,663.96. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 5.50% of the company's stock.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Immersion stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Immersion Corporation (NASDAQ:IMMR - Free Report) by 253.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,485 shares of the software maker's stock after buying an additional 44,112 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.19% of Immersion worth $466,000 as of its most recent SEC filing. Institutional investors own 60.57% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on IMMR shares. BWS Financial reiterated a "buy" rating and issued a $13.50 price objective on shares of Immersion in a report on Thursday, March 13th. Craig Hallum cut their price objective on Immersion from $14.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Finally, Wall Street Zen cut Immersion from a "buy" rating to a "hold" rating in a report on Saturday, July 5th.
Get Our Latest Stock Analysis on IMMR
About Immersion
(
Get Free Report)
Immersion Corporation, together with its subsidiaries, engages in the creation, design, development, and licensing of haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses.
See Also
Before you consider Immersion, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Immersion wasn't on the list.
While Immersion currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
