Fmr LLC Acquires 16,330 Shares of Immersion Co. (NASDAQ:IMMR)

Fmr LLC raised its stake in shares of Immersion Co. (NASDAQ:IMMR) by 518.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,481 shares of the software maker’s stock after purchasing an additional 16,330 shares during the period. Fmr LLC owned 0.06% of Immersion worth $174,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. American Century Companies Inc. raised its position in shares of Immersion by 5.6% during the second quarter. American Century Companies Inc. now owns 588,995 shares of the software maker’s stock worth $5,542,000 after acquiring an additional 31,110 shares during the last quarter. Renaissance Technologies LLC increased its position in Immersion by 43.3% during the 2nd quarter. Renaissance Technologies LLC now owns 498,213 shares of the software maker’s stock valued at $4,688,000 after purchasing an additional 150,513 shares during the period. Victory Capital Management Inc. raised its holdings in Immersion by 8.3% during the 3rd quarter. Victory Capital Management Inc. now owns 405,480 shares of the software maker’s stock worth $3,617,000 after purchasing an additional 31,063 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Immersion in the 2nd quarter worth approximately $3,375,000. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Immersion in the 3rd quarter worth approximately $3,113,000. 60.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on IMMR shares. BWS Financial reissued a “buy” rating and set 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 note on Thursday, August 29th.

Immersion Stock Performance

Shares of IMMR stock opened at $9.09 on Friday. The firm has a 50 day moving average of $8.75 and a 200-day moving average of $9.57. The company has a market cap of $293.39 million, a price-to-earnings ratio of 4.43 and a beta of 1.51. The company has a quick ratio of 0.72, a current ratio of 1.55 and a debt-to-equity ratio of 0.44. Immersion Co. has a 52 week low of $6.54 and a 52 week high of $13.94.

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

Immersion Announces Dividend

The company also recently announced a None dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a $0.245 dividend. The ex-dividend date is Friday, January 10th. Immersion’s payout ratio is 6.43%.

About Immersion

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.