Raymond James Financial Inc. bought a new position in Immersion Co. (NASDAQ:IMMR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 188,344 shares of the software maker's stock, valued at approximately $1,644,000. Raymond James Financial Inc. owned about 0.58% of Immersion at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in IMMR. Farther Finance Advisors LLC raised its holdings in shares of Immersion by 29,900.0% during the 4th quarter. Farther Finance Advisors LLC now owns 3,000 shares of the software maker's stock worth $26,000 after acquiring an additional 2,990 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Immersion during the fourth quarter valued at $51,000. AlphaQuest LLC bought a new position in Immersion during the fourth quarter valued at $61,000. Legal & General Group Plc grew its stake in shares of Immersion by 44.2% in the 4th quarter. Legal & General Group Plc now owns 7,910 shares of the software maker's stock worth $69,000 after buying an additional 2,425 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Immersion in the 4th quarter worth about $98,000. 60.57% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
IMMR has been the subject of a number of analyst reports. Craig Hallum lowered their price target on shares of Immersion from $14.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, March 13th. BWS Financial reiterated a "buy" rating and issued a $13.50 target price on shares of Immersion in a report on Thursday, March 13th.
Check Out Our Latest Analysis on IMMR
Immersion Trading Up 1.3 %
Shares of IMMR stock traded up $0.09 during trading hours on Thursday, reaching $7.26. 30,119 shares of the stock were exchanged, compared to its average volume of 697,595. The firm has a market capitalization of $235.19 million, a price-to-earnings ratio of 2.59 and a beta of 1.40. The company's 50-day moving average price is $7.38 and its 200-day moving average price is $8.22. Immersion Co. has a 12-month low of $6.47 and a 12-month high of $13.94. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37.
Immersion (NASDAQ:IMMR - Get Free Report) last issued its earnings results on Wednesday, March 12th. The software maker reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.33. The firm had revenue of $474.76 million during the quarter, compared to analyst estimates of $9.45 million. Immersion had a net margin of 11.79% and a return on equity of 28.08%. As a group, equities analysts anticipate that Immersion Co. will post 1.57 earnings per share for the current year.
Immersion Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 14th were paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Monday, April 14th. Immersion's dividend payout ratio is presently 6.47%.
Insider Activity at Immersion
In other Immersion news, insider William C. Martin acquired 27,150 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were purchased at an average cost of $7.55 per share, for a total transaction of $204,982.50. Following the completion of the purchase, the insider now owns 1,450,693 shares in the company, valued at approximately $10,952,732.15. This trade represents a 1.91 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Eric Singer acquired 42,638 shares of Immersion stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average cost of $7.51 per share, with a total value of $320,211.38. Following the purchase, the chief executive officer now directly owns 2,161,866 shares of the company's stock, valued at $16,235,613.66. This represents a 2.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 128,934 shares of company stock worth $1,027,343. Company insiders own 5.50% of the company's stock.
About Immersion
(
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.
Further Reading
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
MarketBeat's analysts have just released their top five short plays for June 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
