Bank of New York Mellon Corp lowered its position in shares of Immersion Corp. (NASDAQ:IMMR) by 31.4% during the second quarter, Holdings Channel reports. The firm owned 117,714 shares of the company’s stock after selling 53,783 shares during the period. Bank of New York Mellon Corp owned approximately 0.41% of Immersion Corp. worth $864,000 at the end of the most recent reporting period.

Separately, Harvest Capital Strategies LLC raised its position in shares of Immersion Corp. by 31.8% in the first quarter. Harvest Capital Strategies LLC now owns 301,444 shares of the company’s stock worth $2,490,000 after buying an additional 72,665 shares during the period. Hedge funds and other institutional investors own 74.80% of the company’s stock.

Institutional Ownership by Quarter for Immersion Corp. (NASDAQ:IMMR)

Immersion Corp. (NASDAQ:IMMR) traded up 0.65% during trading on Tuesday, hitting $7.80. The company had a trading volume of 17,800 shares. The company’s market capitalization is $225.47 million. Immersion Corp. has a 12-month low of $5.90 and a 12-month high of $14.45. The firm has a 50-day moving average of $7.81 and a 200 day moving average of $7.27.

Immersion Corp. (NASDAQ:IMMR) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by $0.04. The company earned $7.90 million during the quarter, compared to analyst estimates of $11.57 million. Immersion Corp. had a negative net margin of 13.23% and a negative return on equity of 6.95%. Immersion Corp.’s quarterly revenue was down 51.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. On average, equities research analysts forecast that Immersion Corp. will post ($0.09) earnings per share for the current year.

A number of research analysts have recently commented on the company. B. Riley reissued a “buy” rating and set a $12.00 price target on shares of Immersion Corp. in a report on Tuesday, August 9th. Zacks Investment Research cut Immersion Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Finally, Craig Hallum raised their target price on Immersion Corp. from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $12.20.

About Immersion Corp.

Immersion Corporation is a licensing company focused on the creation, design, development and licensing of haptic technologies that allow people to use their sense of touch when operating digital devices. The Company develops, licenses and supports a range of software and intellectual property (IP). It is focused on the markets, including mobile devices, wearables, consumer, mobile entertainment and other content; console gaming; automotive; medical, and commercial.

5 Day Chart for NASDAQ:IMMR

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