Immersion Corporation (IMMR) to Distribute Quarterly Dividend of $0.07 on October 30th

Immersion Corporation (NASDAQ:IMMR) announced a quarterly dividend on Monday, September 14th. Stockholders of record on Friday, October 16th will be paid a dividend of 0.075 per share by the software maker on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, October 16th.

Immersion Price Performance

NASDAQ IMMR opened at $7.15 on Wednesday. Immersion has a 12 month low of $5.25 and a 12 month high of $8.05. The firm has a market capitalization of $237.31 million, a PE ratio of 21.03 and a beta of 1.02. The company’s 50 day simple moving average is $7.30 and its 200 day simple moving average is $6.63. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.30 and a quick ratio of 1.19.

Immersion (NASDAQ:IMMR) last issued its quarterly earnings results on Monday, September 14th. The software maker reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.11. The firm had revenue of $294.40 million during the quarter, compared to analyst estimates of $3.43 million. Immersion had a return on equity of 1.82% and a net margin of 0.60%. As a group, equities research analysts forecast that Immersion will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on IMMR. Weiss Ratings lowered shares of Immersion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of Immersion from a “sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $13.50 price target on shares of Immersion in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $13.50.

Immersion Company Profile

Immersion Corporation (NASDAQ: IMMR) develops and licenses haptic technologies that enable electronic devices to communicate through tactile sensations such as vibration, pressure, and motion. Its intellectual property and software are designed to help manufacturers create more responsive and immersive user experiences.

The company’s haptic solutions are used across a range of markets, including smartphones and other mobile devices, automotive systems, gaming controllers, personal computers, consumer electronics, and medical equipment.