Charles Schwab Investment Management Inc. Buys 2,416 Shares of Immersion Co. (NASDAQ:IMMR)

Charles Schwab Investment Management Inc. lifted its stake in shares of Immersion Co. (NASDAQ:IMMR) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,910 shares of the software maker’s stock after buying an additional 2,416 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Immersion were worth $775,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its holdings in Immersion by 10.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,315 shares of the software maker’s stock worth $116,000 after acquiring an additional 1,139 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Immersion by 2.7% during the second quarter. Rhumbline Advisers now owns 50,670 shares of the software maker’s stock valued at $477,000 after purchasing an additional 1,322 shares in the last quarter. Hanseatic Management Services Inc. boosted its holdings in Immersion by 2.6% during the third quarter. Hanseatic Management Services Inc. now owns 54,679 shares of the software maker’s stock worth $488,000 after purchasing an additional 1,411 shares during the last quarter. Quarry LP bought a new stake in Immersion in the 2nd quarter worth about $26,000. Finally, Truist Financial Corp increased its stake in Immersion by 15.3% in the 2nd quarter. Truist Financial Corp now owns 45,132 shares of the software maker’s stock valued at $425,000 after buying an additional 6,000 shares during the last quarter. Institutional investors own 60.57% of the company’s stock.

Analysts Set New Price Targets

IMMR has been the topic of a number of research analyst reports. BWS Financial restated a “buy” rating and issued a $13.50 target price on shares of Immersion in a research note on Wednesday. StockNews.com raised Immersion from a “hold” rating to a “buy” rating in a research report on Thursday, August 29th.

Immersion Price Performance

IMMR opened at $8.90 on Thursday. The firm has a market cap of $287.26 million, a P/E ratio of 4.34 and a beta of 1.51. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.72 and a current ratio of 1.55. Immersion Co. has a fifty-two week low of $6.54 and a fifty-two week high of $13.94. The firm has a 50-day moving average of $8.73 and a 200 day moving average of $9.58.

Immersion (NASDAQ:IMMR) last issued its quarterly earnings results on Monday, December 16th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.68. Immersion had a net margin of 40.62% and a return on equity of 27.05%. On average, research analysts expect that Immersion Co. will post 1.96 EPS for the current year.

Immersion Announces Dividend

The company also recently declared a None dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, January 10th. Immersion’s dividend payout ratio is presently 8.78%.

Immersion 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.