BWS Financial reaffirmed their buy rating on shares of Immersion (NASDAQ:IMMR – Free Report) in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a $13.50 price objective on the software maker’s stock.
Separately, Craig Hallum dropped their price objective on Immersion from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday.
Check Out Our Latest Stock Analysis on Immersion
Immersion Stock Performance
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, beating the consensus estimate of $0.14 by $0.33. Immersion had a return on equity of 28.08% and a net margin of 11.79%. The firm had revenue of $474.76 million during the quarter, compared to the consensus estimate of $9.45 million. Sell-side analysts expect that Immersion will post 1.57 EPS for the current fiscal year.
Immersion Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 14th will be given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 2.37%. The ex-dividend date is Monday, April 14th. Immersion’s payout ratio is 4.64%.
Insiders Place Their Bets
In related news, Director Toro 18 Holdings Llc purchased 59,146 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $8.49 per share, with a total value of $502,149.54. Following the completion of the transaction, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.50% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Immersion
Hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its holdings in shares of Immersion by 29,900.0% during the fourth quarter. Farther Finance Advisors LLC now owns 3,000 shares of the software maker’s stock worth $26,000 after purchasing an additional 2,990 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Immersion during the fourth quarter worth $51,000. Quarry LP acquired a new stake in shares of Immersion during the fourth quarter worth $54,000. AlphaQuest LLC acquired a new stake in shares of Immersion during the fourth quarter worth $61,000. Finally, Legal & General Group Plc boosted its holdings in shares of Immersion by 44.2% during the fourth quarter. Legal & General Group Plc now owns 7,910 shares of the software maker’s stock worth $69,000 after purchasing an additional 2,425 shares during the last quarter. Hedge funds and other institutional investors own 60.57% of the company’s stock.
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.
Read More
- Five stocks we like better than Immersion
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- Which Wall Street Analysts are the Most Accurate?
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for Immersion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Immersion and related companies with MarketBeat.com's FREE daily email newsletter.