Immersion’s (IMMR) Buy Rating Reaffirmed at BWS Financial

BWS Financial reissued their buy rating on shares of Immersion (NASDAQ:IMMRFree Report) in a research report report published on Thursday, Benzinga reports. They currently have a $11.00 price target on the software maker’s stock.

Separately, StockNews.com upgraded shares of Immersion from a hold rating to a buy rating in a research report on Friday, March 8th.

Get Our Latest Analysis on IMMR

Immersion Price Performance

NASDAQ IMMR opened at $7.17 on Thursday. The company has a market capitalization of $227.29 million, a PE ratio of 6.96 and a beta of 1.49. The company has a fifty day moving average of $7.28 and a 200 day moving average of $6.93. Immersion has a 1 year low of $5.94 and a 1 year high of $8.62.

Immersion (NASDAQ:IMMRGet Free Report) last posted its earnings results on Thursday, March 7th. The software maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.30. The company had revenue of $10.38 million during the quarter, compared to the consensus estimate of $9.25 million. Immersion had a net margin of 100.17% and a return on equity of 19.75%. Research analysts expect that Immersion will post 1.11 earnings per share for the current year.

Immersion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were given a $0.045 dividend. The ex-dividend date was Thursday, April 11th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.51%. Immersion’s dividend payout ratio (DPR) is currently 17.48%.

Insiders Place Their Bets

In other Immersion news, Director Elias Nader sold 13,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $8.22, for a total value of $106,860.00. Following the completion of the transaction, the director now owns 29,266 shares in the company, valued at $240,566.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.50% of the company’s stock.

Institutional Trading of Immersion

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Immersion by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 1,875,995 shares of the software maker’s stock worth $13,245,000 after purchasing an additional 78,048 shares in the last quarter. Barclays PLC increased its stake in shares of Immersion by 655.8% during the fourth quarter. Barclays PLC now owns 42,982 shares of the software maker’s stock worth $304,000 after purchasing an additional 37,295 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of Immersion by 5.5% during the fourth quarter. Nuveen Asset Management LLC now owns 57,810 shares of the software maker’s stock worth $408,000 after purchasing an additional 2,991 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Immersion by 8.7% during the fourth quarter. Royal Bank of Canada now owns 53,742 shares of the software maker’s stock worth $379,000 after purchasing an additional 4,308 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Immersion by 8.8% during the fourth quarter. Northern Trust Corp now owns 303,389 shares of the software maker’s stock worth $2,142,000 after purchasing an additional 24,428 shares in the last quarter. Hedge funds and other institutional investors own 60.57% of the company’s stock.

Immersion Company Profile

(Get 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.

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