Schwab Charles Investment Management Inc. continued to hold its stake in shares of Immersion Corporation (NASDAQ:IMMR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,679 shares of the software maker’s stock at the close of the 1st quarter. Schwab Charles Investment Management Inc. owned 0.17% of Immersion Corporation worth $439,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of IMMR. Russell Investments Group Ltd. grew its holdings in Immersion Corporation by 20.2% in the 1st quarter. Russell Investments Group Ltd. now owns 64,990 shares of the software maker’s stock valued at $563,000 after buying an additional 10,900 shares in the last quarter. Chicago Equity Partners LLC purchased a new stake in Immersion Corporation in the 1st quarter valued at $1,645,000. Private Advisor Group LLC grew its holdings in Immersion Corporation by 1.1% in the 1st quarter. Private Advisor Group LLC now owns 127,361 shares of the software maker’s stock valued at $1,065,000 after buying an additional 1,350 shares in the last quarter. Blair William & Co. IL purchased a new stake in Immersion Corporation in the 1st quarter valued at $109,000. Finally, American International Group Inc. grew its holdings in shares of Immersion Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 17,824 shares of the software maker’s stock worth $154,000 after purchasing an additional 1,182 shares during the period. Institutional investors own 74.41% of the company’s stock.
IMMR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Immersion Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Cowen and Company set a $11.00 price target on Immersion Corporation and gave the stock a “buy” rating in a report on Wednesday, August 2nd. ValuEngine upgraded Immersion Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, B. Riley began coverage on Immersion Corporation in a research note on Saturday, August 5th. They set a “buy” rating and a $9.75 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Immersion Corporation currently has an average rating of “Hold” and a consensus target price of $10.96.
Shares of Immersion Corporation (NASDAQ IMMR) opened at 8.03 on Friday. The firm’s market cap is $234.97 million. Immersion Corporation has a 52-week low of $6.22 and a 52-week high of $11.92. The firm has a 50-day moving average price of $7.30 and a 200-day moving average price of $8.26.
Immersion Corporation (NASDAQ:IMMR) last announced its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.41) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.01). The firm had revenue of $7.00 million for the quarter, compared to analysts’ expectations of $8.94 million. Immersion Corporation had a negative return on equity of 43.56% and a negative net margin of 113.47%. Immersion Corporation’s revenue was down 11.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.20) earnings per share. Analysts predict that Immersion Corporation will post ($1.22) EPS for the current fiscal year.
Immersion Corporation Company Profile
Immersion Corporation is a licensing company focused on the creation, design, development and licensing of haptic technologies that allow people to use their sense of touch when operating digital devices. The Company develops, licenses and supports a range of software and intellectual property (IP). It is focused on the markets, including mobile devices, wearables, consumer, mobile entertainment and other content; console gaming; automotive; medical, and commercial.
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