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]

Company Overview - Immersion Corporation (NASDAQ: IMMR) is historically a patent licensing company specializing in haptic technology [1] - The company generates revenue through licensing agreements with electronics manufacturers, which has historically been lumpy and inconsistent [1] Business Performance - Immersion's patent licensing business has performed strongly [1] Analyst Disclosure - The analyst has a beneficial long position in shares of ACTG through stock ownership, options, or other derivatives [1] - The article expresses the analyst's own opinions and is not receiving compensation other than from Seeking Alpha [1] - The analyst has no business relationship with any company mentioned in the article [1]

Group 1 - The focus has shifted from primarily tech stocks to include offshore drilling, supply industry, and shipping sectors such as tankers, containers, and dry bulk [1] - There is an emerging interest in the fuel cell industry, which is still in its nascent stage [1] Group 2 - The individual has a background in auditing with PricewaterhouseCoopers and transitioned to day trading nearly 20 years ago [2] - The experience includes navigating significant market events such as the dotcom bubble, the aftermath of the World Trade Center attacks, and the subprime crisis [2]

Core Viewpoint - Immersion (IMMR) reported quarterly earnings of $0.83 per share, significantly exceeding the Zacks Consensus Estimate of $0.15 per share, marking an earnings surprise of 453.33% [1]. Financial Performance - The company achieved revenues of $616.25 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 5,983.41%, compared to revenues of $9.48 million a year ago [2]. - Over the last four quarters, Immersion has exceeded consensus EPS estimates three times and topped consensus revenue estimates four times [2]. Stock Performance - Immersion shares have increased approximately 29.7% since the beginning of the year, outperforming the S&P 500's gain of 26.9% [4]. Future Outlook - The company's earnings outlook is crucial for investors, including current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [5]. - The current consensus EPS estimate for the next quarter is $0.15 on revenues of $10.42 million, and for the current fiscal year, it is $1.96 on revenues of $116.8 million [8]. Industry Context - The Computer - Peripheral Equipment industry, to which Immersion belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [9].

Financial Performance - Total revenues of $616.2 million in Q2 fiscal 2025, compared to $7.0 million in Q2 fiscal 2023[3] - GAAP net income attributable to Immersion stockholders of $27.2 million, or $0.83 per diluted share in Q2 fiscal 2025, compared to $7.0 million, or $0.21 per diluted share in Q2 fiscal 2023[3] - Non-GAAP net income attributable to Immersion stockholders of $40.2 million, or $1.22 per diluted share in Q2 fiscal 2025, compared to $8.4 million, or $0.26 per diluted share in Q2 fiscal 2023[5] - Total revenues for the three months ended October 31, 2024, were $616,249 thousand, compared to $6,983 thousand for the same period in 2023[27] - Net income attributable to Immersion stockholders for the three months ended October 31, 2024, was $27,157 thousand, compared to $7,028 thousand for the same period in 2023[27] - Non-GAAP net income attributable to Immersion stockholders for the three months ended October 31, 2024, was $40,249 thousand, compared to $8,415 thousand for the same period in 2023[29] - Diluted income per common share attributable to Immersion stockholders for the three months ended October 31, 2024, was $0.83, compared to $0.21 for the same period in 2023[27] - Non-GAAP net income per diluted common share attributable to Immersion stockholders for the three months ended October 31, 2024, was $1.22, compared to $0.26 for the same period in 2023[29] Operating Expenses - GAAP operating expenses of $86.3 million in Q2 fiscal 2025, compared to $3.9 million in Q2 fiscal 2023[4] - Non-GAAP operating expenses of $73.2 million in Q2 fiscal 2025, compared to $2.5 million in Q2 fiscal 2023[4] - Total operating expenses for the three months ended October 31, 2024, were $86,332 thousand, compared to $3,870 thousand for the same period in 2023[27] - Non-GAAP operating expenses for the three months ended October 31, 2024, were $73,240 thousand, compared to $2,483 thousand for the same period in 2023[32] Revenue Breakdown - Immersion's royalty and license revenue for the three months ended October 31, 2024, was $14,127 thousand, compared to $6,983 thousand for the same period in 2023[27] - Barnes & Noble Education's product and other revenue for the three months ended October 31, 2024, was $559,674 thousand, compared to $0 for the same period in 2023[27] - Barnes & Noble Education's rental income for the three months ended October 31, 2024, was $42,448 thousand, compared to $0 for the same period in 2023[27] Balance Sheet - Total current assets of $852.8 million as of October 31, 2024, compared to $190.6 million as of April 30, 2024[21] - Total liabilities of $837.6 million as of October 31, 2024, compared to $45.3 million as of April 30, 2024[24] - Total stockholders' equity of $482.5 million as of October 31, 2024, compared to $201.2 million as of April 30, 2024[24] Corporate Actions - Immersion acquired 42% of Barnes & Noble Education's outstanding common shares on June 10, 2024, later reduced to 41.2% due to additional stock issuances[6] - Immersion declared a special cash dividend of $0.245 per share payable on January 24, 2025[10]

Company Performance - Immersion (IMMR) closed at $9.02, reflecting a +1.23% change from the previous day, outperforming the S&P 500's daily gain of 0.05% [1] - Over the last month, Immersion's shares increased by 6.71%, exceeding the Computer and Technology sector's gain of 4.59% and the S&P 500's gain of 5.75% [1] Earnings Expectations - The upcoming earnings report is expected to show an EPS of $0.15, representing an 87.5% increase from the prior-year quarter [2] - The Zacks Consensus Estimate for revenue is projected at $10.13 million, up 6.86% from the year-ago period [2] Annual Projections - For the annual period, earnings are anticipated to be $1.96 per share, indicating an increase of +88.46% from last year, with revenue expected to reach $116.8 million, signifying a +244.35% change [3] Analyst Sentiment - Recent changes to analyst estimates for Immersion reflect positive sentiment regarding the company's business and profitability [3] - The Zacks Rank system, which incorporates estimate changes, indicates a clear, actionable rating model for investors [4] Zacks Rank and Valuation - Immersion currently holds a Zacks Rank of 3 (Hold), with no changes in the Zacks Consensus EPS estimate over the past month [5] - The company's Forward P/E ratio is 4.55, which is significantly lower than the industry average Forward P/E of 17.78 [6] Industry Context - The Computer - Peripheral Equipment industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 59, placing it in the top 24% of over 250 industries [6] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]

MALVERN, Pa., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today announced that its IHPT series of haptic feedback actuators with Immersion Corporation licenses has been selected as a finalist for the 2024 Elektra Awards in the category of “Passive and Electromechanical Product of the Year.” Providing 12 V operation for LCD displays, touchscreens, touch switches, and button control panels for human-machine interfaces (HMI) in automotive and commercial applications, the solenoid ...