Immersion Corporation (IMMR) : Connective Capital Management has sold out all of its stake in Immersion Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 63,840 shares of Immersion Corporation which is valued at $412,406.
Other Hedge Funds, Including , Private Advisor Group boosted its stake in IMMR in the latest quarter, The investment management firm added 17,650 additional shares and now holds a total of 127,766 shares of Immersion Corporation which is valued at $825,368. Immersion Corporation makes up approx 0.03% of Private Advisor Group’s portfolio.Royce Associates Lp boosted its stake in IMMR in the latest quarter, The investment management firm added 25,000 additional shares and now holds a total of 640,595 shares of Immersion Corporation which is valued at $4,163,868. Immersion Corporation makes up approx 0.03% of Royce Associates Lp’s portfolio.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. Tortoise Investment Management sold out all of its stake in IMMR during the most recent quarter. The investment firm sold 500 shares of IMMR which is valued $3,765.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 closed down -0.08 points or -1.21% at $6.54 with 3,92,046 shares getting traded on Wednesday. Post opening the session at $6.61, the shares hit an intraday low of $6.45 and an intraday high of $6.66 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.