Immersion Corporation (IMMR) to Distribute Quarterly Dividend of $0.07 on July 31st

Immersion Corporation (NASDAQ:IMMR) declared a quarterly dividend on Thursday, July 2nd. Stockholders of record on Monday, July 20th will be given a dividend of 0.075 per share by the software maker on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, July 20th.

Immersion Stock Performance

NASDAQ:IMMR opened at $6.64 on Friday. The stock’s 50-day simple moving average is $6.54 and its 200 day simple moving average is $6.35. The firm has a market capitalization of $219.78 million, a PE ratio of 332.00 and a beta of 1.02. The company has a quick ratio of 1.16, a current ratio of 1.83 and a debt-to-equity ratio of 0.25. Immersion has a twelve month low of $5.25 and a twelve month high of $8.00.

Immersion (NASDAQ:IMMR) last issued its earnings results on Friday, May 1st. The software maker reported ($0.31) EPS for the quarter. The business had revenue of $518.49 million for the quarter. Immersion had a negative return on equity of 4.54% and a negative net margin of 0.97%. On average, analysts anticipate that Immersion will post -0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on IMMR shares. Weiss Ratings lowered shares of Immersion from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Wall Street Zen upgraded shares of Immersion from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Zacks Research raised shares of Immersion to a “hold” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Immersion presently has a consensus rating of “Hold” and an average price target of $13.50.

Immersion Company Profile

Immersion Corporation is a technology company specializing in the development and licensing of haptic feedback solutions. The company’s proprietary software and hardware technologies enable devices to simulate the sense of touch, enhancing user experiences across a range of electronic products. Immersion’s core offerings include touch-feedback algorithms, software development kits, and reference designs that can be integrated into smartphones, gaming controllers, wearable devices, automotive infotainment systems, medical simulators and virtual or augmented reality platforms.

Since its founding in 1993, Immersion has built an extensive intellectual property portfolio of more than 950 issued patents worldwide.