Immersion Corporation (IMMR) : Kingdom Ridge Capital scooped up 2,200 additional shares in Immersion Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,838,600 shares of Immersion Corporation which is valued at $12,097,988.Immersion Corporation makes up approximately 9.11% of Kingdom Ridge Capital’s portfolio.
Other Hedge Funds, Including , Cardinal Capital Management Ct reduced its stake in IMMR by selling 8,100 shares or 4.17% in the most recent quarter. The Hedge Fund company now holds 186,342 shares of IMMR which is valued at $1,226,130. Immersion Corporation makes up approx 0.06% of Cardinal Capital Management Ct’s portfolio. Trexquant Investment Lp sold out all of its stake in IMMR during the most recent quarter. The investment firm sold 45,200 shares of IMMR which is valued $297,416.Blackrock Group Ltd reduced its stake in IMMR by selling 19,932 shares or 73.62% in the most recent quarter. The Hedge Fund company now holds 7,141 shares of IMMR which is valued at $46,988.Fuller Thaler Asset Management boosted its stake in IMMR in the latest quarter, The investment management firm added 117,925 additional shares and now holds a total of 307,298 shares of Immersion Corporation which is valued at $1,975,926. Immersion Corporation makes up approx 0.03% of Fuller Thaler Asset Management’s portfolio.Thomson Horstmann Bryant Inc reduced its stake in IMMR by selling 91,618 shares or 10.79% in the most recent quarter. The Hedge Fund company now holds 757,455 shares of IMMR which is valued at $5,802,105. Immersion Corporation makes up approx 0.72% of Thomson Horstmann Bryant Inc’s portfolio.
Immersion Corporation opened for trading at $7.24 and hit $7.34 on the upside on Thursday, eventually ending the session at $7.31, with a gain of 0.83% or 0.06 points. The heightened volatility saw the trading volume jump to 1,52,437 shares. Company has a market cap of $211 M.
On the company’s financial health, Immersion Corporation reported $-0.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.16. The company had revenue of $7.90 million for the quarter, compared to analysts expectations of $11.57 million. The company’s revenue was down -51.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.06 EPS.
Many Wall Street Analysts have commented on Immersion Corporation. Company shares were Reiterated by Craig Hallum on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 12 from a previous price target of $10 .
Immersion Corporation is an intellectual property (IP) and software licensing company focused on the creation design development and licensing of haptic innovations and software that allow people to use their sense of touch more when operating a range of digital devices. The Company is focusing its marketing and business development activities on the following markets: mobile devices wearables consumer mobile entertainment and other content; console gaming; automotive; medical and commercial. In the target markets it licenses the software and IP to manufacturers for use in products sold under their own brand names. It has software licenses for TouchSense TouchSense 1000 TouchSense 2000 TouchSense Core Integrator and TouchSense Engage. It offers patent licenses in Basic Haptics and Force Feedback. It also offers Turn-key Engineering and Integration Services Design Kits for Prototyping Authoring Tools Application Programming Interfaces and Platform Independent Solutions.