Immersion Co. (NASDAQ:IMMR) Stock Holdings Cut by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its holdings in Immersion Co. (NASDAQ:IMMR - Free Report) by 75.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,848 shares of the software maker's stock after selling 637,465 shares during the period. Renaissance Technologies LLC owned approximately 0.65% of Immersion worth $1,841,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in IMMR. Barclays PLC increased its stake in Immersion by 276.0% during the 3rd quarter. Barclays PLC now owns 39,579 shares of the software maker's stock worth $353,000 after buying an additional 29,054 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Immersion during the fourth quarter worth about $51,000. Franklin Resources Inc. increased its position in shares of Immersion by 5.8% during the third quarter. Franklin Resources Inc. now owns 52,804 shares of the software maker's stock worth $447,000 after acquiring an additional 2,879 shares during the last quarter. State Street Corp lifted its stake in shares of Immersion by 1.0% in the third quarter. State Street Corp now owns 681,414 shares of the software maker's stock worth $6,078,000 after acquiring an additional 6,990 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Immersion by 2.9% in the third quarter. Geode Capital Management LLC now owns 738,295 shares of the software maker's stock valued at $6,587,000 after purchasing an additional 20,982 shares during the last quarter. Institutional investors and hedge funds own 60.57% of the company's stock.

Wall Street Analyst Weigh In

IMMR has been the subject of several research analyst reports. Craig Hallum reduced their target price on Immersion from $14.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. BWS Financial reiterated a "buy" rating and set a $13.50 price objective on shares of Immersion in a research note on Thursday, March 13th.

Insider Activity

In other Immersion news, insider William C. Martin bought 27,150 shares of the business's stock in a transaction on Thursday, March 20th. The shares were purchased at an average price of $7.55 per share, with a total value of $204,982.50. Following the purchase, the insider now directly owns 1,450,693 shares of the company's stock, valued at approximately $10,952,732.15. The trade was a 1.91 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Toro 18 Holdings Llc purchased 59,146 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $8.49 per share, with a total value of $502,149.54. Following the purchase, the director now owns 11,065,848 shares of the company's stock, valued at approximately $93,949,049.52. This represents a 0.54 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 128,934 shares of company stock valued at $1,027,343. Insiders own 5.50% of the company's stock.

Immersion Stock Performance

Shares of IMMR traded up $0.11 during mid-day trading on Friday, hitting $7.38. The stock had a trading volume of 83,611 shares, compared to its average volume of 697,573. Immersion Co. has a fifty-two week low of $6.47 and a fifty-two week high of $13.94. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. The company has a market cap of $238.92 million, a PE ratio of 2.63 and a beta of 1.50. The company's fifty day simple moving average is $7.45 and its two-hundred day simple moving average is $8.25.

Immersion (NASDAQ:IMMR - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The software maker reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.33. The firm had revenue of $474.76 million for 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%. On average, equities analysts expect that Immersion Co. will post 1.57 earnings per share for the current year.

Immersion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were paid a $0.045 dividend. The ex-dividend date was Monday, April 14th. This represents a $0.18 annualized dividend and a dividend yield of 2.44%. Immersion's payout ratio is currently 6.47%.

Immersion Company Profile

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.