Immersion Target of Unusually Large Options Trading (NASDAQ:IMMR)

Immersion Co. (NASDAQ:IMMR) was the recipient of unusually large options trading on Tuesday. Investors purchased 3,000 put options on the stock. This is an increase of 171% compared to the typical volume of 1,108 put options.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on IMMR shares. BWS Financial reaffirmed a “buy” rating and set a $13.50 target price on shares of Immersion in a research note on Wednesday, December 18th. StockNews.com upgraded shares of Immersion from a “hold” rating to a “buy” rating in a research report on Thursday, August 29th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IMMR. Geode Capital Management LLC lifted its stake in shares of Immersion by 2.9% in the third quarter. Geode Capital Management LLC now owns 738,295 shares of the software maker’s stock worth $6,587,000 after buying an additional 20,982 shares during the last quarter. State Street Corp grew its position in shares of Immersion by 1.0% in the third quarter. State Street Corp now owns 681,414 shares of the software maker’s stock valued at $6,078,000 after purchasing an additional 6,990 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Immersion by 5.6% during the 2nd quarter. American Century Companies Inc. now owns 588,995 shares of the software maker’s stock worth $5,542,000 after purchasing an additional 31,110 shares during the last quarter. Renaissance Technologies LLC boosted its stake 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. Finally, Victory Capital Management Inc. increased its position in Immersion by 8.3% in the 3rd quarter. Victory Capital Management Inc. now owns 405,480 shares of the software maker’s stock worth $3,617,000 after buying an additional 31,063 shares during the period. 60.57% of the stock is owned by institutional investors.

Immersion Stock Up 0.3 %

IMMR stock traded up $0.03 during mid-day trading on Tuesday, hitting $8.71. The stock had a trading volume of 73,627 shares, compared to its average volume of 711,888. Immersion has a 1-year low of $6.54 and a 1-year high of $13.94. The company has a fifty day moving average of $8.75 and a 200 day moving average of $9.55. The company has a current ratio of 1.55, a quick ratio of 0.72 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $281.12 million, a price-to-earnings ratio of 4.25 and a beta of 1.51.

Immersion (NASDAQ:IMMR) last released its quarterly earnings data 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 return on equity of 27.05% and a net margin of 40.62%. On average, equities analysts expect that Immersion will post 1.96 EPS for the current fiscal year.

Immersion Dividend Announcement

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