Immersion (NASDAQ:IMMR) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Immersion Corporation (NASDAQ:IMMRGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Zacks Research raised shares of Immersion to a “hold” rating in a research note on Friday, May 8th. Weiss Ratings upgraded Immersion from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Wall Street Zen upgraded Immersion from a “sell” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, BWS Financial reaffirmed a “buy” rating and set a $13.50 target price on shares of Immersion in a research note on Tuesday, July 28th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $13.50.

Check Out Our Latest Analysis on IMMR

Immersion Stock Performance

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

Immersion (NASDAQ:IMMRGet Free Report) last released its quarterly earnings results on Friday, July 24th. The software maker reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. The company had revenue of $270.00 million for the quarter, compared to analysts’ expectations of $230.00 million. Immersion had a return on equity of 0.80% and a net margin of 0.26%. Analysts forecast that Immersion Corporation will post 0.26 EPS for the current fiscal year.

Immersion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 20th were issued a dividend of $0.075 per share. The ex-dividend date was Monday, July 20th. This represents a $0.30 dividend on an annualized basis and a yield of 3.9%. Immersion’s dividend payout ratio is 214.29%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in 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 valued at $466,000 after purchasing an additional 44,112 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Immersion during the second quarter worth approximately $80,000. Quantbot Technologies LP raised its holdings in Immersion by 212.3% in the second quarter. Quantbot Technologies LP now owns 45,162 shares of the software maker’s stock valued at $356,000 after acquiring an additional 30,703 shares in the last quarter. Invesco Ltd. raised its holdings in Immersion by 16.2% in the second quarter. Invesco Ltd. now owns 20,682 shares of the software maker’s stock valued at $163,000 after acquiring an additional 2,886 shares in the last quarter. Finally, Jump Financial LLC lifted its stake in Immersion by 439.8% in the second 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 during the last quarter. 60.57% of the stock is owned by institutional investors and hedge funds.

About Immersion

(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.

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