Immersion Corporation (NASDAQ:IMMR - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.40 and traded as high as $6.71. Immersion shares last traded at $6.68, with a volume of 543,375 shares trading hands.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. Weiss Ratings restated a "hold (c-)" rating on shares of Immersion in a research note on Friday, April 24th. Wall Street Zen lowered Immersion from a "hold" rating to a "sell" rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $13.50.
Get Our Latest Stock Analysis on IMMR
Immersion Trading Up 2.9%
The company has a market cap of $221.11 million, a price-to-earnings ratio of 8.35 and a beta of 1.03. The firm has a 50-day moving average price of $6.04 and a 200 day moving average price of $6.40. The company has a current ratio of 1.88, a quick ratio of 1.12 and a debt-to-equity ratio of 0.21.
Immersion (NASDAQ:IMMR - Get Free Report) last issued its earnings results on Friday, May 1st. The software maker reported ($0.31) EPS for the quarter. The firm had revenue of $518.49 million during the quarter. Immersion had a return on equity of 4.29% and a net margin of 1.03%.
Immersion Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Monday, April 20th were given a $0.075 dividend. The ex-dividend date was Monday, April 20th. This represents a $0.30 annualized dividend and a dividend yield of 4.5%. Immersion's dividend payout ratio (DPR) is presently 37.50%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in IMMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Immersion by 253.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,485 shares of the software maker's stock worth $466,000 after acquiring an additional 44,112 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Immersion in the 2nd quarter worth approximately $80,000. Quantbot Technologies LP grew its position in shares of Immersion by 212.3% in the 2nd quarter. Quantbot Technologies LP now owns 45,162 shares of the software maker's stock worth $356,000 after acquiring an additional 30,703 shares in the last quarter. Invesco Ltd. grew its position in shares of Immersion by 16.2% in the 2nd quarter. Invesco Ltd. now owns 20,682 shares of the software maker's stock worth $163,000 after acquiring an additional 2,886 shares in the last quarter. Finally, Jump Financial LLC grew its position in shares of Immersion by 439.8% in the 2nd quarter. Jump Financial LLC now owns 126,637 shares of the software maker's stock worth $998,000 after acquiring an additional 103,176 shares in the last quarter. Institutional investors and hedge funds own 60.57% of the company's stock.
Immersion Company Profile
(
Get Free Report)
Immersion Corporation is a technology company specializing in the development and licensing of haptic feedback solutions. The company's proprietary software and hardware technologies enable devices to simulate the sense of touch, enhancing user experiences across a range of electronic products. Immersion's core offerings include touch-feedback algorithms, software development kits, and reference designs that can be integrated into smartphones, gaming controllers, wearable devices, automotive infotainment systems, medical simulators and virtual or augmented reality platforms.
Since its founding in 1993, Immersion has built an extensive intellectual property portfolio of more than 950 issued patents worldwide.
Further Reading
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