Immersion (IMMR) Announces Quarterly Earnings Results

Doris Richards
February 24, 2018

Corporate insiders own 7.22% of the company's stock. The institutional investor held 253,919 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $37.03 million, down from 257,099 at the end of the previous reported quarter.

The stock increased or $0 during the last trading session, hitting $. Thomson Horstmann And Bryant has invested 0.86% in Immersion Corporation (NASDAQ:IMMR). It has outperformed by 14.32% the S&P500. Northern Trust Corp increased its stake in Immersion by 5.0% in the second quarter. The company has market cap of $344.58 million. Insiders acquired 1,432,482 shares of company stock valued at $10,166,370 over the last ninety days. The stock decreased 1.57% or $0.44 during the last trading session, reaching $27.65. Gp One Trading L P has 96,064 shares.

More notable recent Immersion Corporation (NASDAQ:IMMR) news were published by: Fool.com which released: "Why Immersion Corporation Shares Skyrocketed Today" on January 29, 2018, also Seekingalpha.com with their article: "Immersion's (IMMR) CEO Carl Schlachte on Q4 2017 Results - Earnings Call ..." published on February 23, 2018, Businesswire.com published: "Immersion Enters Into Multi-Year Patent License Agreement With Marquardt" on January 30, 2018. It has outperformed by 16.19% the S&P500. Therefore 100% are positive. Fabrinet had 40 analyst reports since August 14, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, January 16 by Craig Hallum. Craig Hallum reaffirmed a "buy" rating and issued a $15.00 price target (up previously from $12.00) on shares of Immersion in a report on Monday, January 29th. The stock of Immersion Corporation (NASDAQ:IMMR) earned "Buy" rating by Lake Street on Monday, April 18. Craig Hallum maintained Immersion Corporation (NASDAQ:IMMR) rating on Friday, May 6. The company was upgraded on Thursday, August 27 by TheStreet. The stock now has an average rating of "Buy" and an average target price of $11.75. The rating was maintained by Cowen & Co with "Buy" on Wednesday, August 2.

Investors sentiment decreased to 1 in Q3 2017. Its up 0.43, from 0.82 in 2017Q2. It improved, as 8 investors sold Immersion Corporation shares while 16 reduced holdings. 7 funds opened positions while 23 raised stakes. Webster Bankshares N A owns 968 shares. Metropolitan Life Ny stated it has 21,764 shares. Nokomis Cap Limited Liability has invested 2.18% in Immersion Corporation (NASDAQ:IMMR). Bancorporation Of Montreal Can reported 992 shares or 0% of all its holdings.


Immersion Co. (NASDAQ:IMMR) VP Anne Marie Peters sold 10,443 shares of the business's stock in a transaction on Friday, February 23rd. National Bank & Trust Of Mellon invested 0% in Immersion Corporation (NASDAQ:IMMR). Blackrock Inc invested in 0% or 1.91 million shares. Oppenheimer Asset Mgmt Incorporated reported 25,287 shares. State Board Of Administration Of Florida Retirement has invested 0% in Immersion Corporation (NASDAQ:IMMR).

Wcm Investment Management Ca holds 5.66% of its portfolio in Core Laboratories N.V. for 4.54 million shares. Barclays Public Ltd Company accumulated 773 shares or 0% of the stock. Wedgewood Partners Inc owns 1.13 million shares or 3.8% of their United States portfolio. The hedge fund run by Christopher Zepf held 1.54M shares of the computer peripheral equipment company at the end of 2017Q3, valued at $12.55 million, up from 1.41 million at the end of the previous reported quarter. Shares for $299,594 were bought by Alles Mark J.

Investors sentiment increased to 1.25 in Q3 2017. Its down 0.17, from 1.34 in 2017Q2. 33 funds opened positions while 59 raised stakes. The New York-based Riverpark Advisors Llc has invested 3.42% in the stock. Emerald Advisers Pa owns 1,395 shares. Invesco Limited has 19,185 shares. X Mngmt Ltd Limited Liability Company invested in 0.05% or 11,748 shares. Int Invsts reported 0.31% of its portfolio in Eaton Corporation plc (NYSE:ETN). Gw Henssler & Assocs Ltd has 161,714 shares. It was reported on Feb, 23 by Barchart.com. Van Cleef Asset Managementinc owns 6,049 shares. Moreover, Sei Invests has 0% invested in Fabrinet (NYSE:FN) for 2 shares. Tiaa Cref Limited Liability Corporation owns 163,385 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 840 shares. B & T Cap Management Dba Alpha Cap Management accumulated 10,647 shares. Goldman Sachs Group Inc has 0.05% invested in Eaton Corporation plc (NYSE:ETN).

Ray Gerald L & Associates Ltd, which manages about $650.50M and $802.14 million US Long portfolio, decreased its stake in Under Armour Inc (NYSE:UA) by 38,602 shares to 66,954 shares, valued at $1.10M in 2017Q3, according to the filing. Vanguard Group Inc. increased its stake in Immersion by 7.5% in the second quarter. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Therefore 58% are positive. The stock has "Overweight" rating by JP Morgan on Thursday, March 31. On Thursday, August 6 the stock rating was downgraded by Zacks to "Buy". 47,500 are held by Swiss Bank. As per Friday, July 28, the company rating was maintained by BMO Capital Markets.

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