Immersion (NASDAQ:IMMR) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Immersion Corporation (NASDAQ:IMMR - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.42 and traded as high as $7.66. Immersion shares last traded at $7.60, with a volume of 667,585 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts recently commented on IMMR shares. Zacks Research upgraded Immersion to a "hold" rating in a research report on Friday, May 8th. BWS Financial reissued a "buy" rating and issued a $13.50 price target on shares of Immersion in a research note on Tuesday, July 28th. Weiss Ratings upgraded Immersion from a "sell (d+)" rating to a "hold (c)" rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen raised Immersion from a "sell" rating to a "hold" rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $13.50.

Immersion Stock Up 2.7%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.19 and a current ratio of 2.30. The firm's fifty day simple moving average is $6.82 and its 200 day simple moving average is $6.42. The stock has a market capitalization of $252.24 million, a price-to-earnings ratio of 54.29 and a beta of 1.02.

Immersion (NASDAQ:IMMR - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The software maker reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.07. Immersion had a net margin of 0.26% and a return on equity of 0.80%. The company had revenue of $270.00 million during the quarter, compared to analysts' expectations of $230.00 million. On average, sell-side analysts forecast that Immersion Corporation will post 0.26 earnings per share for the current year.

Immersion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 20th were paid a $0.075 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a $0.30 annualized dividend and a dividend yield of 3.9%. Immersion's dividend payout ratio (DPR) is currently 214.29%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IMMR. Kanen Wealth Management LLC grew its stake in shares of Immersion by 51.0% in the first quarter. Kanen Wealth Management LLC now owns 709,000 shares of the software maker's stock valued at $3,871,000 after buying an additional 239,318 shares in the last quarter. Rangeley Capital LLC bought a new stake in Immersion during the first quarter worth $410,000. Bank of New York Mellon Corp lifted its stake in Immersion by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 296,024 shares of the software maker's stock valued at $1,616,000 after acquiring an additional 16,571 shares during the last quarter. Strs Ohio acquired a new stake in Immersion in the first quarter valued at $27,000. Finally, IMC Chicago LLC grew its position in shares of Immersion by 70.7% in the 4th quarter. IMC Chicago LLC now owns 68,122 shares of the software maker's stock valued at $463,000 after acquiring an additional 28,206 shares during the period. 60.57% of the stock is owned by institutional investors and hedge funds.

Immersion Company Profile

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.

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