Immersion Corporation (NASDAQ:IMMR – Get Free Report) declared a quarterly dividend on Monday, September 14th. Stockholders of record on Friday, October 16th will be paid a dividend of 0.075 per share by the software maker on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, October 16th.
Immersion Stock Performance
Shares of Immersion stock opened at $7.21 on Tuesday. The firm has a market cap of $239.32 million, a PE ratio of 51.50 and a beta of 1.02. The company has a quick ratio of 1.19, a current ratio of 2.30 and a debt-to-equity ratio of 0.13. Immersion has a 52 week low of $5.25 and a 52 week high of $8.05. The business’s fifty day simple moving average is $7.29 and its 200-day simple moving average is $6.62.
Immersion (NASDAQ:IMMR – Get Free Report) last issued its quarterly earnings data on Monday, September 14th. The software maker reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.44. The firm had revenue of $294.40 million during the quarter, compared to the consensus estimate of $3.43 million. Immersion had a return on equity of 0.80% and a net margin of 0.26%. Equities analysts forecast that Immersion will post 0.26 earnings per share for the current year.
Insider Buying and Selling at Immersion
Hedge Funds Weigh In On Immersion
A number of hedge funds and other institutional investors have recently bought and sold shares of IMMR. Strs Ohio acquired a new position in Immersion in the 1st quarter valued at about $27,000. Caitlin John LLC acquired a new stake in shares of Immersion during the second quarter worth about $27,000. Persistent Asset Partners Ltd acquired a new stake in shares of Immersion during the second quarter worth about $41,000. Optiver Holding B.V. lifted its position in shares of Immersion by 1,681.2% during the first quarter. Optiver Holding B.V. now owns 7,855 shares of the software maker’s stock worth $43,000 after purchasing an additional 7,414 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new position in shares of Immersion in the second quarter valued at approximately $71,000. 60.57% of the stock is currently owned by hedge funds and other institutional investors.
About Immersion
Immersion Corporation (NASDAQ: IMMR) develops and licenses haptic technologies that enable electronic devices to communicate through tactile sensations such as vibration, pressure, and motion. Its intellectual property and software are designed to help manufacturers create more responsive and immersive user experiences.
The company’s haptic solutions are used across a range of markets, including smartphones and other mobile devices, automotive systems, gaming controllers, personal computers, consumer electronics, and medical equipment.
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