Immersion Stock (NASDAQ:IMMR), Trade Ideas

Immersion

Immersion Corp is focused on the creation, design, development, and licensing of haptic technologies that allow people to use its sense of touch more fully as it involves engaging with products and experience the digital world. The company's software focuses on applications in mobile devices, wearables, consumer, and gaming devices markets. It generates revenue from royalty and license fees, and development contract and service fees. Geographically, the company generates a majority of its revenue from Japan, followed by Korea, Germany, United States of America and other countries.

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Barnes &amp; Noble Education, Inc. announces a rights plan &amp; equity investment to strengthen balance sheet. Stock down 65.7% at $0.2400.

Why Barnes &amp; Noble Education Shares Are Diving Today

Earnings

Immersion Corporation (NASDAQ: IMMR) reported 

Immersion Q3 Revenue Beats Estimates, Dividend Increases As Meta Lawsuit Continues

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	Opiant Pharmaceuticals, Inc. (NASDAQ: OPNT) shares surged 113.8% to settle at $20.10 on Monday. Indivior PLC agreed to acquire Opiant Pharmaceuticals for $20.00 per share in cash, plus contingent value rights (CVRs) of up to $8.00 per share.


Why Infinity Pharmaceuticals Shares Tumbled Around 38%; Here Are 79 Biggest Movers From Yesterday

Immersion Corp

IMMRSIV Inc

BWS Financial analyst Hamed Khorsand maintains Immersion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMR#NASDAQ">IMMR</a>) with a Buy and maintains $11 price target.

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BWS Financial Maintains Buy on Immersion, Maintains $11 Price Target

Barnes &amp; Noble Education, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares are trading lower after it announced a short-term shareholder&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38270602/barnes-noble-education-announces-milestone-transactions-to-significantly-strengthen-balance-sheet-" rel="noreferrer noopener">rights plan and a new equity investment</a>.
In particular, the company inked a definitive deal with&nbsp;Immersion Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMR#NASDAQ">IMMR</a>) and existing shareholders and strategic partners regarding new equity and refinancing transactions to boost long-term financial position.
After closing the transactions in June 2024, Barnes &amp; Noble will receive $95 million of new capital through a $50 million equity investment and a $45 million fully backstopped equity rights offering led by immersion.
The deal is projected to infuse net cash proceeds after transaction costs of about $75 million.
Also, the company plans to eliminate about $34 million of debt through equitization of second lien term loans, reflecting the strong support of key strategic partners.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38273842/s-p-500-due-for-classic-10-correction-wall-street-veteran-warns-why-they-expect-zer">S&amp;P 500 Due For &#8216;Classic 10% Correction,&#8217; Wall Street Veteran Warns: Why They Expect Zero Rate Cuts In 2024</a>
Barnes &amp; Noble has received commitments to refinance its existing asset-backed loan facility, which provides access to a $325 million facility maturing in 2028.&nbsp;
Apart from this, the board of directors approved adopting a short-term stockholder rights plan and declared a dividend distribution of one preferred share purchase right on&nbsp;<a href="https://www.benzinga.com/pressreleases/24/04/b38270604/barnes-noble-education-adopts-short-term-stockholder-rights-plan" target="_blank" rel="noreferrer noopener">each outstanding common share</a>.
The rights will be exercisable only if a person or group acquires 10% or more of the company&#8217;s common shares and each right will entitle stockholders to buy one one-thousandth of a share of a new series of junior participating preferred stock at an exercise price of $5.00.
Investors can gain exposure to the stock via IShares Microcap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWC#NYSE">IWC</a>) and Invesco FTSE RAFI US 1500 Small Mid ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFZ#NASDAQ">PRFZ</a>).
BNED Price Action: Barnes &amp; Noble Education shares are down 68.91% at 0.22 cents at publication Tuesday.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38273192/goldman-sachs-boasts-near-perfect-q1-results-5-analysts-zero-in-on-core-strengths">Goldman Sachs Boasts &#8216;Near-Perfect&#8217; Q1 Results, 5 Analysts Zero In On &#8216;Core Strengths&#8217;</a>
Photo: Joyseulay via Shutterstock

Why Barnes & Noble Education Shares Are Diving Today

BNED to Receive $95 Million of New Capital Through $50 Million Equity Investment and $45 Million Fully Backstopped Equity Rights Offering Led by Immersion Corporation
Eliminates Approximately $34 Million of Debt Through Equitization of Second Lien Term Loan, Reflecting Strong Support of Key Strategic Partners
Secures Commitment to Refinance Four-Year Asset Backed Loan Facility to Provide Greater Financial and Operational Flexibility
Barnes &amp; Noble Education, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) ("BNED" or the "Company"), a leading solutions provider for the education industry, today announced that it has entered into a definitive agreement with Immersion Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMR#NASDAQ">IMMR</a>) ("Immersion"), and certain of the Company's existing shareholders and strategic partners, on the terms of new equity and refinancing transactions that will significantly strengthen BNED's long-term financial position. The proposed transactions, which are subject to shareholder approval and other closing conditions, will enable the Company to substantially deleverage its balance sheet, continue to strategically invest in innovation, and operate from a position of strength.
Upon close, which is expected in June 2024:
<ul>
<li>BNED will receive gross proceeds of $95 million of new equity capital through a $50 million new equity investment (the "Private Investment") led by Immersion and a $45 million fully backstopped equity rights offering (the "Rights Offering"); the transactions are expected to infuse approximately $75 million of net cash proceeds after transaction costs;</li>
<li>The Company's existing second lien lenders, affiliates of Fanatics, Lids, and VitalSource Technologies ("VitalSource") (collectively, the "Second Lien Lenders"), will convert approximately $34 million of outstanding principal and any accrued and unpaid interest into BNED Common Stock; and</li>
<li>The Company has received commitments to refinance its existing asset backed loan facility, pursuant to an agreement with its first lien holders, providing the Company with access to a $325 million facility (the "ABL Facility") maturing in 2028. The refinanced ABL Facility will meaningfully enhance BNED's financial flexibility and reduce its annual interest expense.</li>
</ul>
"Today's announcement marks a significant milestone in our strategic review process and, we believe, represents the best path forward for our shareholders, employees and the students, institutions, alumni, fans, and communities we serve," said Michael Huseby, Chief Executive Officer, BNED. "BNED is a critical part of the education ecosystem, and we are confident that this transaction will allow us to grow our business profitably as we enhance our market leading offerings and build on the strong momentum of First Day and our other key programs."
"With a stronger financial foundation, we will be well positioned to advance our industry leadership by continuing our focus on delivering innovative solutions, an unmatched merchandise assortment, and the best-in-class omnichannel customer experience for our valued school partners," said, Jonathan Shar, Executive Vice President, BNED Retail and President, Barnes and Noble College.

Contracts

Barnes & Noble Education Announces Milestone Transactions To Significantly Strengthen Balance Sheet; To Receive $95M Of New Capital Through $50M Equity Investment And $45M Fully Backstopped Equity Rights Offering; Eliminates ~$34M Of Debt Through Equitization Of Second Lien Term Loan

Immersion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMR#NASDAQ">IMMR</a>) reported quarterly earnings of $0.49 per share which beat the analyst consensus estimate of $0.16 by 206.25 percent. This is a 8.89 percent increase over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $10.38 million which beat the analyst consensus estimate of $8.22 million by 26.28 percent. This is a 13.27 percent increase over sales of $9.16 million the same period last year.

Immersion Q4 EPS $0.49 Beats $0.16 Estimate, Sales $10.38M Beat $8.22M Estimate

Immersion Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMR#NASDAQ">IMMR</a>), a leading developer and provider of patents for haptics, today announced that it has renewed a license with Nintendo Co., Ltd. to continue to make Immersion's patents available to Nintendo and its affiliates.
"We are delighted to continue to grant Nintendo a license to our patents for haptic technologies," said Eric Singer, Immersion's President and CEO.

NTDOY

Immersion Signs License Agreement With Nintendo To Continue To Make Immersion's Patents Available To Nintendo And Its Affiliates

<h3>The Meaning Behind Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Below is a list of notable value stocks in the technology sector:</h2>
<ol>
<li>Immersion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMR#NASDAQ">IMMR</a>) - P/E: 6.06</li>
<li>Arrow Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARW#NYSE">ARW</a>) - P/E: 7.18</li>
<li>Surgepays (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SURG#NASDAQ">SURG</a>) - P/E: 5.67</li>
<li>Gen Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEN#NASDAQ">GEN</a>) - P/E: 9.67</li>
<li>HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) - P/E: 8.77</li>
</ol>
Immersion has reported Q3 earnings per share at $0.12, which has decreased by 57.14% compared to Q2, which was 0.28. Its most recent dividend yield is at 2.68%, which has increased by 1.01% from 1.67% in the previous quarter.
Most recently, Arrow Electronics reported earnings per share at $3.98, whereas in Q3 earnings per share sat at $4.14. Most recently, Surgepays reported earnings per share at $0.49, whereas in Q2 earnings per share sat at $0.4. Most recently, Gen Digital reported earnings per share at $0.49, whereas in Q2 earnings per share sat at $0.47. Its most recent dividend yield is at 2.13%, which has decreased by 0.54% from 2.67% in the previous quarter.
HP's earnings per share for Q4 sits at $0.9, whereas in Q3, they were at 0.86. Most recently, the company reported a dividend yield of 3.77%, which has decreased by 0.26% from last quarter's yield of 4.03%.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

SURG

5 Value Stocks In The Technology Sector

<h3>Gainers</h3>
<ul>
<li>Datasea (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTSS#NASDAQ">DTSS</a>) shares rose 693.2% to $11.66 during Wednesday's regular session. The company's market cap stands at $29.5 million. The company's, Q2 earnings came out yesterday. </li>
<li>Taoping (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TAOP#NASDAQ">TAOP</a>) stock increased by 35.96% to $1.55. The company's market cap stands at $3.0 million. </li>
<li>CCSC Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCTG#NASDAQ">CCTG</a>) shares rose 30.64% to $4.22. The company's market cap stands at $48.0 million. </li>
<li>D-Wave Quantum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) shares moved upwards by 27.08% to $1.83. The company's market cap stands at $292.6 million. </li>
<li>Canaan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) shares moved upwards by 25.43% to $2.17. The company's market cap stands at $507.8 million. </li>
<li>Saverone 2014 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) shares moved upwards by 21.83% to $1.06. The company's market cap stands at $11.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Immersion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMR#NASDAQ">IMMR</a>) shares fell 15.4% to $6.74 during Wednesday's regular session. The market value of their outstanding shares is at $214.5 million. </li>
<li>Focus Universal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCUV#NASDAQ">FCUV</a>) stock fell 15.08% to $0.68. The market value of their outstanding shares is at $44.0 million. </li>
<li>Atomera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATOM#NASDAQ">ATOM</a>) shares fell 12.78% to $7.21. The company's market cap stands at $185.8 million. The company's, Q4 earnings came out yesterday. </li>
<li>Aurora Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) shares declined by 12.32% to $2.92. The market value of their outstanding shares is at $17.4 million. </li>
<li>Movella Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVLA#NASDAQ">MVLA</a>) shares fell 11.03% to $0.3. The company's market cap stands at $15.5 million. </li>
<li>CoreCard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCRD#NYSE">CCRD</a>) shares decreased by 10.98% to $11.03. The company's market cap stands at $93.0 million. The company's, Q4 earnings came out today. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Wednesday's Intraday Session

Immersion Signs License Agreement With Meta Platforms To Make Immersion's Patents Available To Meta And Its Affiliates' Hardware, Software, VR And Gaming Products

<h3>What are Value Stocks?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the technology sector:</h2>
<ol>
<li>Arrow Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARW#NYSE">ARW</a>) - P/E: 6.52</li>
<li>STMicroelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) - P/E: 9.8</li>
<li>FiscalNote Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) - P/E: 3.03</li>
<li>Vishay Intertechnology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSH#NYSE">VSH</a>) - P/E: 9.3</li>
<li>Immersion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMR#NASDAQ">IMMR</a>) - P/E: 6.05</li>
</ol>
This quarter, Arrow Electronics experienced a decrease in earnings per share, which was $4.37 in Q2 and is now $4.14. STMicroelectronics's earnings per share for Q3 sits at $1.16, whereas in Q2, they were at 1.06. Its most recent dividend yield is at 0.49%, which has ('', 'not changed') by 0.0% from 0.49% in the previous quarter.
This quarter, FiscalNote Holdings experienced an increase in earnings per share, which was $-0.23 in Q2 and is now $-0.11. Vishay Intertechnology's earnings per share for Q3 sits at $0.6, whereas in Q2, they were at 0.68. Its most recent dividend yield is at 1.78%, which has increased by 0.29% from 1.49% in the previous quarter.
Most recently, Immersion reported earnings per share at $0.12, whereas in Q2 earnings per share sat at $0.28. Most recently, the company reported a dividend yield of 2.68%, which has increased by 1.01% from last quarter's yield of 1.67%.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

NOTE

<h3>The Meaning Behind Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the technology sector:</h2>
<ol>
<li>FiscalNote Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) - P/E: 3.43</li>
<li>BOS Better Online Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOSC#NASDAQ">BOSC</a>) - P/E: 7.42</li>
<li>ClearOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLRO#NASDAQ">CLRO</a>) - P/E: 0.99</li>
<li>Immersion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMR#NASDAQ">IMMR</a>) - P/E: 6.15</li>
<li>JinkoSolar Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) - P/E: 3.44</li>
</ol>
This quarter, FiscalNote Holdings experienced an increase in earnings per share, which was $-0.23 in Q2 and is now $-0.11. Most recently, BOS Better Online Solns reported earnings per share at $0.05, whereas in Q2 earnings per share sat at $0.11. This quarter, ClearOne experienced a decrease in earnings per share, which was $-0.04 in Q2 and is now $-0.05. Most recently, Immersion reported earnings per share at $0.12, whereas in Q2 earnings per share sat at $0.28. Its most recent dividend yield is at 2.68%, which has increased by 1.01% from 1.67% in the previous quarter.
Most recently, JinkoSolar Holding Co reported earnings per share at $3.31, whereas in Q2 earnings per share sat at $3.52. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

BOSC

CLRO

Immersion Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/immr#NASDAQ">IMMR</a>) reported&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/11/b35749424/immersion-corporation-reports-third-quarter-2023-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">a third-quarter FY23</a>&nbsp;revenue decline of 32.3% year-over-year to $9.48 million, beating the consensus of $7.35 million.
Royalty and license revenues were $9.5 million, compared to $13.9 million in 3Q22.
Adjusted EPS was $0.12, lower from $0.25 a year ago.
Operating income for the quarter declined by 40.4% Y/Y to $6.52 million, and the margin contracted by 930 bps to 68.8%.
IMMR repurchased 485,061 shares in the quarter at an average price of $6.86 per share.
Adjusted operating expenses for the quarter totaled $1.97 million versus $2.27 million a year ago.
Dividend:&nbsp;The company increased its quarterly dividend by 50% to $0.045 per share. Payable on January 25, 2024, to shareholders of record on January 14, 2024.
&ldquo;We are continuing our efforts to ensure that our intellectual property for the AR/VR/metaverse market is recognized by the recent filing of a second legal complaint in the United States District Court of the Western District of Texas against Meta Platforms, Inc. that alleges infringement on five Immersion patents. Whereas the previous suit is directed to Meta&rsquo;s Quest 2 and Quest Pro products and their related software, this second suit is focused on Meta&rsquo;s recently launched Quest 3 product and related software,&rdquo; said Chairman and CEO&nbsp;Eric Singer.
Price Action:&nbsp;IMMR shares are trading lower by 7.23% at $6.22 at the last check Monday.
Now Read:&nbsp;<a href="https://www.benzinga.com/tech/23/11/35753438/nvidia-climbs-from-300b-to-1t-since-mamaa-dethroned-faang-jim-cramers-cue-for-a-new-tag">Nvidia Climbs From $300B To $1T Since MAMAA Dethroned FAANG: Jim Cramer&#39;s Cue For A New Tag?</a>
Photo: Shutterstock

Immersion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMR#NASDAQ">IMMR</a>) reported its Q3 earnings results on Monday, November 13, 2023 at 09:00 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Immersion missed estimated earnings by 63.64%, reporting an EPS of $0.12 versus an estimate of $0.33.
Revenue was down $4.52 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.14 which was followed by a 2.66% increase in the share price the next day.
Here's a look at Immersion's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.14</td>
<td>0.14</td>
<td>0.14</td>
<td>0.16</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.28</td>
<td>0.33</td>
<td>0.45</td>
<td>0.28</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>7.76M</td>
<td>7.82M</td>
<td>8.00M</td>
<td>8.50M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>6.98M</td>
<td>7.07M</td>
<td>9.16M</td>
<td>14.01M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Immersion <a href="https://www.benzinga.com/quote/IMMR/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Immersion: Q3 Earnings Insights

Legal

Immersion Reports Recent Filing Of Second Legal Complaint In US District Court Of The Western District Of Texas Against Meta Platforms That Alleges Infringement On Five Patents

The fifth quarterly dividend will be paid on January 25, 2024 to shareholders of record on January 14, 2024.&nbsp;

Dividends

Immersion Increases Quarterly Dividend By 50% From $0.03 To $0.045 Per Share

Immersion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMR#NASDAQ">IMMR</a>) reported quarterly Adj earnings of $0.12 per share versus&nbsp;earnings of $0.25&nbsp;per share from the same period last year. The company reported quarterly sales of $9.48 million which beat the analyst consensus estimate of $7.35 million by 29.01 percent. This is a 32.30 percent decrease over sales of $14.01 million the same period last year.

Immersion Q3 Adj EPS $0.12 Vs $0.25 Last Year, Sales $9.48M Beat $7.35M Estimate

Immersion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMR#NASDAQ">IMMR</a>) is set to give its latest quarterly earnings report on Monday, 2023-11-13. Here's what investors need to know before the announcement.
Analysts estimate that Immersion will report an earnings per share (EPS) of $0.33. 
Immersion bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.14, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Immersion's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.14</td>
<td>0.14</td>
<td>0.14</td>
<td>0.16</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.28</td>
<td>0.33</td>
<td>0.45</td>
<td>0.28</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.66%</td>
<td>-3.87%</td>
<td>6.36%</td>
<td>0.15%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1699639367_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Immersion were trading at $6.69 as of November 09. Over the last 52-week period, shares are down 1.62%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/IMMR/earnings">To track all earnings releases for Immersion visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Immersion

Immersion To Report Q3 2023 Financial Results
Immersion Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMR#NASDAQ">IMMR</a>), a leading developer and provider of patents for haptics, today announced that it has signed a multi-year license with Razer (Asia-Pacific) Pte. Ltd. to make Immersion's patents available to Razer's gaming computer peripherals, laptop computers, and AR/VR products.
"We are very pleased to continue our long-standing partnership with Razer," said Eric Singer, Immersion's President and CEO.
Immersion's high-quality touch feedback technology enhances gaming peripherals and applications. Increasingly, haptics is being designed into gaming applications as more and more gaming vendors incorporate high-quality tactile effects for more immersive operations.
Third Quarter 2023 Results
Immersion will report financial results for the third quarter of 2023 on November 13, 2023.

Immersion Signs License Agreement With Razer To Make Immersion's Patents Available To Razer's Gaming Computer Peripherals, Laptop Computers, And AR/VR Products

<h3>What is a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Benzinga Insights has compiled a list of value stocks in the technology sector that may be worth watching:</h2>
<ol>
<li>Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) - P/E: 5.78</li>
<li>ClearOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLRO#NASDAQ">CLRO</a>) - P/E: 0.85</li>
<li>Sonim Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONM#NASDAQ">SONM</a>) - P/E: 6.18</li>
<li>Immersion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMR#NASDAQ">IMMR</a>) - P/E: 5.22</li>
<li>United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) - P/E: 7.3</li>
</ol>
Avnet has reported Q4 earnings per share at $2.06, which has increased by 3.0% compared to Q3, which was 2.0. Its most recent dividend yield is at 2.51%, which has decreased by 0.22% from 2.73% in the previous quarter.
ClearOne has reported Q2 earnings per share at $-0.04, which has increased by 55.56% compared to Q1, which was -0.09. Sonim Technologies has been featured as a value stock. Sonim Technologies's Q2 EPS sits at $0.01, which has not changed since last quarter (Q1). This quarter, Immersion experienced a decrease in earnings per share, which was $0.33 in Q1 and is now $0.28. Most recently, the company reported a dividend yield of 1.67%, which has decreased by 0.12% from last quarter's yield of 1.79%.
United Microelectronics saw a decrease in earnings per share from 0.21 in Q1 to $0.2 now. Most recently, the company reported a dividend yield of 2.28%, which has decreased by 3.06% from last quarter's yield of 5.34%.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

SONM

<h3>What Defines a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Below is a list of notable value stocks in the technology sector:</h2>
<ol>
<li>Vishay Intertechnology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSH#NYSE">VSH</a>) - P/E: 9.2</li>
<li>JinkoSolar Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) - P/E: 3.45</li>
<li>MIND C.T.I. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDO#NASDAQ">MNDO</a>) - P/E: 7.88</li>
<li>Immersion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMR#NASDAQ">IMMR</a>) - P/E: 5.47</li>
<li>Koss (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) - P/E: 4.11</li>
</ol>
This quarter, Vishay Intertechnology experienced a decrease in earnings per share, which was $0.79 in Q1 and is now $0.68. Its most recent dividend yield is at 1.49%, which has decreased by 0.08% from 1.57% in the previous quarter.
JinkoSolar Holding Co saw an increase in earnings per share from 2.31 in Q1 to $3.52 now. Most recently, MIND C.T.I. reported earnings per share at $0.06, whereas in Q1 earnings per share sat at $0.07. Most recently, the company reported a dividend yield of 10.32%, which has increased by 1.62% from last quarter's yield of 8.7%.
Most recently, Immersion reported earnings per share at $0.28, whereas in Q1 earnings per share sat at $0.33. The company's most recent dividend yield sits at 1.67%, which has decreased by 0.12% from 1.79% last quarter. 
Koss looks to be undervalued. It possesses an EPS of $-0.03, which has not changed since last quarter (Q3). Most recently, the company reported a dividend yield of 4.25%, which has decreased by 0.35% from last quarter's yield of 4.6%.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

KOSS

MNDO

Immersion Corp (IMMR) said after close Thursday that it earned $0.52 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.On the revenue line, the company reported $10.4 million, beating estimates by $2.2 million.In th

Immersion Corp Up 11.62% To $7.42 After Earnings Beat

Immersion (IMMR) has disclosed a new risk, in the Trade Secrets category. Immersion faces a nuanced challenge in its licensing operations that coul...

Bad News for Immersion Stock: This New Risk Has Been Added

Analyst Hamed Khorsand of BWS Financial maintained a Buy rating on Immersion (IMMR – Research Report), with a price target of $11.00. Hamed Khorsan...

Immersion Corporation (IMMR) Poised for Growth: Analyst Issues Buy Rating Amid Diversified Revenue and Strong Financials

The market has been high on Immersion Corporation (IMMR)  stock recently. IMMR gets a Bullish score from InvestorsObserver Stock Sentiment Indicator. Immersion Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on IMMR!See Full IMMR ReportWhat is Stock Sentiment?S

Is Immersion Corporation (IMMR) Stock About to Get Hot Wednesday?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Popular high-flyers like the Magnificent Seven tend to cause tunnel vision in investors. Investors then focus solely on trending stocks and miss other value opportunities in the market. Even if some <a href="https://investorplace.com/stock-types/undervalued-stocks/">undervalued stocks</a> <a href="https://investorplace.com/stock-types/undervalued-stocks/">have not yet taken flight</a>, a closer look at their performance and underlying drivers can help spot some diamonds in the rough. Sure, they might not be glittering just yet. However, keeping tabs and learning about their competitive advantages can yield a home run.



However, we know that spotting an excellent bargain can be challenging. You would have to spend time and effort comparing companies left and right. One effective way is to look at sector leaders who are lagging despite having stellar financial performance and market resiliency.&nbsp; If you are still unsure where to look, these three undervalued stocks are a good start.



<h2>Immersion Corporation (IMMR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/11/immr-stock-1-300x169.jpg" alt="IMMR stock: two people using virtual reality (VR) headsets"><div>Source: Shutterstock</div></div>If you are a gaming fan, you might not be aware that Immersion Corporation (NASDAQ:<a href="https://investorplace.com/stock-quotes/immr-stock-quote/">IMMR</a>) plays a big role in the industry. The company develops and licenses haptic technology. This has many uses including gaming, virtual and augmented reality, entertainment, wearables, and more. Its partnership with Sony for the PS5&rsquo;s haptic feedback and Nintendo&rsquo;s Rumble are just some of the company&rsquo;s known successes.



IMMR&rsquo;s latest financials show promise. Total revenues grew by 13% to <a href="https://www.businesswire.com/news/home/20240307428413/en/Immersion-Corporation-Reports-Fourth-Quarter-and-Full-Year-2023-Results">$10.4 million</a> in Q4, driven by increased royalty and license revenues. GAAP net income declined to $16 million in Q4 from $19.7 million last year. However, the company&rsquo;s full-year net income rose to $34.0 million compared to $30.7 million last year. 



Interestingly, IMMR has demonstrated a commitment to rewarding shareholders through dividends and enhancing investment returns. I say it&rsquo;s interesting, because it&rsquo;s not every day you run into a microcap thinking about shareholder value. Maybe that&rsquo;s why Immersion Corp has several analysts&rsquo; <a href="https://www.nasdaq.com/market-activity/stocks/immr/analyst-research">stamp of approval</a>. 



If they play their cards right and continue to be a leader in haptics while maintaining strong relationships with big players like Sony and Nintendo, IMMR could be one of the most undervalued stocks in the market.&nbsp;



<h2>Gulfport Energy Corporation (GPOR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/greenenergy1600a-300x169.jpg" alt="a hand holding a lightbulb on a green background to represent renewable energy stocks"><div>Source: Shutterstock</div></div>The <a href="https://www.nasdaq.com/market-activity/stocks/gpor/analyst-research">Wall Street favorite</a> Gulfport Energy Corporation (NYSE:<a href="https://investorplace.com/stock-quotes/gpor-stock-quote/">GPOR</a>) is a natural gas-weighted production and exploration company. They mainly operate in the Appalachia and Anadarko basins. The company aims to sustainably, safely, and responsibly develop its assets. They also continuously generating cash flow, returning capital to shareholders, and improving margins. The company has been at the forefront of promoting a high standard of natural gas production. One of its operations garnered a grade &ldquo;A&rdquo; certification under the MiQ emission standard.&nbsp;



GPOR reported a total net production average of <a href="https://www.gulfportenergy.com/investors/news-events/press-releases/detail/1401/gulfport-energy-reports-fourth-quarter-and-full-year-2023">1,054.3 MMcfe</a> (million cubic feet of gas equivalent) per day in 2023. This value came in at the high end of the company&rsquo;s guidance, despite raising them previously.



For its full year, <a href="https://d1io3yog0oux5.cloudfront.net/_0e95f115723b8fdf60b783abc2d63075/gulfportenergy/db/269/2678/supplemental_tables/4Q+2023+Supplemental+Tables_v2024.02.27_vF.pdf">revenue was $1.79 billion</a>, while net income reached $1.47 billion, representing an impressive 34.60% and 197.33% YoY growth, respectively. 



While the company experienced challenges in natural gas pricing, it still exceeded analyst consensus expectations in net income, EBITDA, and total net production. The company&rsquo;s 2024 outlook aims for focused capital-efficient programs to ensure future growth. Despite challenging times for the natural gas market, its performance proves its resiliency and the strength of its leaders, making it an undervalued gem right now.



<h2>CompoSecure, Inc. (CMPO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/01/creditcards1600-300x169.jpg" alt="a pile of credit cards, credit card interest rates"><div>Source: Teerasak Ladnongkhun/Shutterstock.com</div></div>Do you have a metal credit card in your wallet? CompoSecure, Inc. (NASDAQ:<a href="https://investorplace.com/stock-quotes/cmpo-stock-quote/">CMPO</a>) financial technology solutions for payment cards, digital asset storage, and cryptocurrency solutions. The company is considered the leader in premium metal payment cards, with its Arculus security and authentication that offers its clients a premium branded experience through partner-branded solutions.&nbsp;



CMPO is a recognized player in the industry. <a href="https://ir.composecure.com/news-releases/news-release-details/composecure-ranked-1-metal-payment-card-market-abi-research">ABI Research ranks it #1</a> in the metal card market, recognizing its comprehensive portfolio of products, extensive global reach, and drive to innovate.&nbsp;This shining review is reflected in CMP&rsquo;s recent financials. Quarterly net sales rose <a href="https://ir.composecure.com/news-releases/news-release-details/composecure-reports-fourth-quarter-and-full-year-2023-financial">7%</a> YoY to $99.9 million, net income rose 39% YoY to $31 million, and adjusted EBITDA increased 22% YoY to $37.2 million.&nbsp;



Full-year results were a little softer; net sales rose 3% YoY and reached $390.6 million, while adjusted EBITDA grew 6% YoY to $145 million.&nbsp;



However, the company expects 2024 to be a year of growth, with net sales anticipated to fall between $408-$428 million and adjusted EBITDA between $147-$157 million. Its long-term agreements with major clients like JP Morgan Chase and American Express ensure its long-term potential for growth as a significant leader in the metal payment card market. With analysts recommending it as a <a href="https://www.nasdaq.com/market-activity/stocks/cmpo/analyst-research">strong buy</a>, CMPO has more than earned its place in the top undervalued stocks to look out for right now.



On the date of publication, Rick Orford did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Rick Orford is a Wall Street Journal best-selling author, investor, influencer, and mentor. His work has appeared in the most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/3-undervalued-stocks-that-could-10x-in-5-years/">3 Undervalued Stocks That Could 10X in 5 Years</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Immersion declares $0.045 dividend

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Immersion (IMMR – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Hamed Khorsand from BWS Fi...

Buy Rating Affirmed for Immersion (IMMR) on Strong Financials and Strategic Investments in Haptics and Education Sectors

Barnes & Noble Education: Shares Crater After Proposed Recapitalization - Hold

CMPO

GPOR

Press Releases

Vishay Intertechnology Signs Agreement With Immersion to Bundle Haptic Technology Licenses With IHPT Series Actuators

Immersion Signs License Agreement with Razer

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Immersion Corporation (NASDAQ: IMMR) and Encourages Investors to Contact the Firm

Immersion Corporation Reports Third Quarter 2023 Results

Immersion Signs License Agreement with Meta Platforms, Inc. (formerly known as Facebook, Inc.)

Immersion Signs License Agreement with Nintendo

Immersion Corporation Reports Fourth Quarter and Full Year 2023 Results

Rubric Capital Management Nominates Two Highly Qualified, Independent Directors to Xperi Inc. Board of Directors

Barnes & Noble Education Announces Milestone Transactions to Significantly Strengthen Balance Sheet and Advance Industry Leading Services for Institutions and Students

Vuzix Corporation (NASDAQ: VUZI) Revolutionizing the Supply Chain with AR and Strategic Partnerships