Sands Hospitality Immersion Program gives students a week-long, behind-the-scenes peek at the Las Vegas hospitality industry to inspire career exploration.LAS VEGAS, May 15, 2025 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) and the Thurgood Marshall College Fund (TMCF) today announced 15 students representing 13 historically Black colleges and universities (HBCUs) have been selected to participate in the third Sands Hospitality Immersion Program June 2-6 in Las Vegas.Sands and TMCF, the only national organiz ...

The latest trading session saw Immersion (IMMR) ending at $7.11, denoting a -1.93% adjustment from its last day's close. This change lagged the S&P 500's 0.77% loss on the day. Elsewhere, the Dow saw a downswing of 0.95%, while the tech-heavy Nasdaq depreciated by 0.87%.The touch-based technology company's stock has climbed by 5.53% in the past month, falling short of the Computer and Technology sector's gain of 16.73% and the S&P 500's gain of 11.54%.Market participants will be closely following the financ ...

The Zacks Computer-Peripheral Equipment industry players like Logitech (LOGI) , Immersion (IMMR) and TransAct Technologies (TACT) are well-poised to benefit from the growing demand for professional gaming accessories, touchscreen and wireless devices, smart glasses and RFID (Radio Frequency Identification) solutions. A continuously improving shipment of personal computers (PCs) bodes well for PC peripheral market prospects. Moreover, the solid demand for 3D-printed health equipment like face shields, nasal ...

Group 1 - The focus has shifted towards offshore drilling, supply industry, and shipping, including tankers, containers, and dry bulk [1] - The fuel cell industry is being monitored as it is still in its early stages of development [1] Group 2 - The individual has extensive experience in auditing and trading, having navigated significant market events such as the dotcom bubble and the subprime crisis [2] - The research provided aims to maintain high quality despite language barriers [2]

Financial Performance - Total revenues for the third quarter of fiscal 2025 were $474.8 million, a significant increase from $9.5 million in the same period of the previous year[3] - GAAP net income attributable to Immersion stockholders was $15.5 million, or $0.47 per diluted share, compared to $2.7 million, or $0.08 per diluted share, in the prior year[3] - Non-GAAP net income attributable to Immersion stockholders was $20.8 million, or $0.63 per diluted share, up from $3.7 million, or $0.11 per diluted share, year-over-year[3] - Net income attributable to Immersion stockholders for the three months ended January 31, 2025, was $15,472,000, compared to $2,680,000 for the same period in 2023, reflecting a growth of 474%[27] - Non-GAAP net income attributable to Immersion stockholders for the three months ended January 31, 2025, was $20,843,000, up from $3,676,000 in the same period last year, indicating a 467% increase[27] - Earnings per diluted share attributable to Immersion stockholders for the three months ended January 31, 2025, was $0.63, compared to $0.11 for the same period in 2023, marking a substantial rise[27] - Operating income for the three months ended January 31, 2025, was $26,206,000, compared to $6,519,000 for the same period in 2023, reflecting a growth of 302%[24] Expenses and Liabilities - GAAP operating expenses increased to $79.6 million from $3.0 million in the same quarter last year[3] - Total operating expenses for the three months ended January 31, 2025, were $79,613,000, compared to $2,963,000 for the same period in 2023, showing a significant increase[29] - Non-GAAP operating expenses for the three months ended January 31, 2025, were $74,242,000, compared to $1,967,000 for the same period in 2023, highlighting a substantial increase[29] - The company reported a provision for income taxes of $17,417,000 for the three months ended January 31, 2025, compared to $1,285,000 for the same period in 2023, indicating a significant rise in tax obligations[24] - Total liabilities rose to $804.250 million as of January 31, 2025, compared to $45.291 million as of April 30, 2024[21] Shareholder Returns and Equity - The company returned over $9 million to shareholders through dividends and buybacks during the quarter[4] - The company plans to pay a quarterly dividend of $0.045 per share on April 25, 2025[7] - Immersion's total stockholders' equity attributable to Immersion Corporation stockholders was $319.166 million as of January 31, 2025, up from $201.230 million in the previous year[21] Asset Growth - Total current assets increased to $925.975 million as of January 31, 2025, compared to $190.608 million as of April 30, 2024[18] Acquisitions - Immersion acquired a 42% stake in Barnes & Noble Education, which was later reduced to 32.3% due to additional stock issuances[2] Other Income - Interest and other income for the three months ended January 31, 2025, was $14,803,000, compared to an expense of $2,554,000 in the same period last year, indicating a positive shift[24] Stock Information - The weighted average common stock outstanding for diluted shares was 33,055,000 for the three months ended January 31, 2025, compared to 32,750,000 for the same period in 2023[27]

Core Insights - Immersion (NASDAQ: IMMR) has transitioned from being primarily a licensor of haptic technology to functioning more as a holding company in recent years [1] Group 1 - The company previously focused on licensing haptic technology but is now more involved in holding investments [1]

Company Performance - Immersion (IMMR) closed at $8.05, down 1.83% from the previous session, underperforming the S&P 500's loss of 1.59% [1] - The stock has decreased by 2.61% over the past month, while the Computer and Technology sector has lost 4.81% and the S&P 500 has declined by 2.23% [1] Analyst Estimates - Analysts and investors are closely monitoring Immersion's upcoming earnings disclosure, with recent changes to analyst estimates indicating shifts in near-term business trends [2] - Positive changes in estimates reflect analyst optimism regarding the company's business and profitability [2] Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows Immersion currently holds a Zacks Rank of 3 (Hold) [4] - Immersion's Forward P/E ratio is 5.22, which is lower than the industry average Forward P/E of 8.48, indicating a valuation discount [4] Industry Overview - The Computer - Peripheral Equipment industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 50, placing it in the top 20% of over 250 industries [5] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [5]

Core Viewpoint - Immersion's stock performance has lagged behind major indices, and upcoming financial results and analyst estimate revisions are critical for assessing the company's outlook [1][2]. Company Performance - Immersion's stock closed at $8.30, reflecting a slight increase of +0.12% from the previous day, which is lower than the S&P 500's gain of 0.39% [1]. - Over the past month, Immersion's stock has decreased by 3.38%, underperforming the Computer and Technology sector's gain of 0.04% and the S&P 500's gain of 1.7% [1]. Analyst Estimates - Market participants are keenly awaiting Immersion's financial results, and any recent changes to analyst estimates are significant as they indicate near-term business trends [2]. - Positive revisions in estimates are interpreted as favorable signs for the company's business outlook [2]. Zacks Rank and Valuation - Immersion currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the past month [4]. - The company is trading at a Forward P/E ratio of 5.28, which is significantly lower than the industry average Forward P/E of 13.29, suggesting that Immersion is undervalued [5]. Industry Context - Immersion operates within the Computer - Peripheral Equipment industry, which is part of the broader Computer and Technology sector [5]. - The industry has a Zacks Industry Rank of 86, placing it in the top 35% of over 250 industries, indicating strong relative performance [5][6].

Company Performance - Immersion (IMMR) closed at $8.51, with a daily increase of +1.07%, outperforming the S&P 500's gain of 0.53% [1] - Over the past month, Immersion's shares declined by 3.55%, underperforming the Computer and Technology sector's loss of 0.75% and the S&P 500's gain of 1.24% [1] Earnings and Analyst Estimates - The investment community is closely watching Immersion's upcoming earnings report, with recent changes to analyst estimates being significant for investors [2] - Positive estimate revisions are interpreted as favorable for the company's business outlook [2] Valuation Metrics - Immersion holds a Forward P/E ratio of 5.36, which is a discount compared to the industry's average Forward P/E of 13.09 [4] - The Zacks Consensus EPS estimate for Immersion has remained unchanged over the last 30 days, and the company currently has a Zacks Rank of 3 (Hold) [4] Industry Context - The Computer - Peripheral Equipment industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 72, placing it in the top 29% of over 250 industries [5] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [5]

Core Viewpoint - Immersion Corporation's (IMMR) stock has declined by 28.3% over the past six months, raising questions about whether this represents a buying opportunity or indicates deeper issues within the company [1] Group 1: Stock Performance and Valuation - The decline in IMMR shares is attributed to profit booking by investors after the stock reached a 52-week high of $13.94 on July 29, 2024, leading to increased selling pressure [1] - Immersion's stock is currently trading at a forward 12-month price-to-sales multiple of 6.03x, significantly higher than the industry average of 0.67x, raising concerns about its near-term growth potential [2] Group 2: Financial Performance - In Q3 2024, Immersion's revenues surged to $616.2 million from $7 million in the same quarter last year, with a non-GAAP EPS of $1.22, a substantial increase from 26 cents in the previous year [4] Group 3: Industry Position and Growth Potential - Immersion is a leader in the haptic technology sector, which is experiencing growing demand across various industries, including gaming, automotive, and virtual reality (VR) [5] - The company has integrated its technology into over three billion devices worldwide and has more than 150 licensed customers, solidifying its market presence [6] - Partnerships with major companies like Sony for the PlayStation 5's DualSense controller, as well as licensing agreements with Samsung and Meta Platforms, enhance Immersion's market reach and validate its technology [7][8] Group 4: Conclusion and Investment Outlook - The recent stock price decline does not indicate weak fundamentals for Immersion, as its leadership in the haptic technology space suggests a solid long-term growth trajectory [9] - Despite the premium valuation, the strong fundamentals support holding the stock for long-term investors [10]