D.A. Davidson & CO. Reduces Stock Holdings in Immersion Co. (NASDAQ:IMMR)

D.A. Davidson & CO. reduced its stake in shares of Immersion Co. (NASDAQ:IMMR) by 8.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,152 shares of the software maker’s stock after selling 2,159 shares during the quarter. D.A. Davidson & CO. owned approximately 0.07% of Immersion worth $211,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in shares of Immersion during the 3rd quarter valued at about $78,000. Hennessy Advisors Inc. purchased a new stake in Immersion in the fourth quarter worth about $128,000. Philip James Wealth Mangement LLC bought a new stake in Immersion during the 3rd quarter valued at approximately $164,000. FMR LLC grew its holdings in shares of Immersion by 518.2% during the 3rd quarter. FMR LLC now owns 19,481 shares of the software maker’s stock worth $174,000 after acquiring an additional 16,330 shares during the period. Finally, Banque Cantonale Vaudoise raised its position in shares of Immersion by 92.1% in the 3rd quarter. Banque Cantonale Vaudoise now owns 22,042 shares of the software maker’s stock worth $197,000 after acquiring an additional 10,569 shares in the last quarter. 60.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, BWS Financial reiterated a “buy” rating and issued a $13.50 price objective on shares of Immersion in a report on Wednesday, February 5th.

Immersion Stock Performance

Shares of IMMR opened at $8.05 on Friday. Immersion Co. has a 52 week low of $6.54 and a 52 week high of $13.94. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. The stock has a market cap of $259.82 million, a P/E ratio of 2.88 and a beta of 1.50. The business’s 50 day moving average price is $8.57 and its 200-day moving average price is $8.79.

Immersion (NASDAQ:IMMR) last posted 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 return on equity of 28.08% and a net margin of 11.79%. Equities research analysts anticipate that Immersion Co. will post 1.57 earnings per share for the current fiscal year.

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.