Nucor earnings beat by $0.08, revenue fell short of estimates
William C. Martin, the Chief Strategy Officer of Immersion Corp (NASDAQ:IMMR), recently made a significant purchase of the company’s stock. According to a filing with the Securities and Exchange Commission, Martin acquired 27,150 shares on March 20, 2025, at a weighted average price of $7.55 per share. This acquisition amounts to a total purchase value of approximately $204,982. The purchase comes as the company, currently valued at $252 million, trades at an attractive P/E ratio of 3.74. InvestingPro analysis suggests the stock is slightly undervalued at current levels.
In a separate transaction, Martin was issued 86,899 shares of common stock on January 31, 2025. These shares were provided in lieu of salary earned over the previous three months. The issuance was calculated based on the closing price of the stock on January 31, 2025, after accounting for applicable withholding taxes and cash payments required by law.
Following these transactions, Martin’s total ownership in Immersion Corp increased to 1,450,693 shares.
In other recent news, Immersion Corporation reported fourth-quarter earnings that surpassed analyst expectations, with a significant increase in revenue. The company posted adjusted earnings per share of $0.63, exceeding the consensus estimate of $0.52. Revenue for the quarter surged to $474.8 million, a substantial rise from $9.5 million in the same quarter last year, largely due to the acquisition of a 32.3% stake in Barnes & Noble Education. Barnes & Noble Education contributed $423.2 million in product and other revenue, along with $43.2 million in rental income. Immersion’s standalone royalty and license revenue amounted to $8.4 million. The company reported a GAAP net income of $15.5 million, or $0.47 per diluted share, and a non-GAAP net income of $20.8 million, or $0.63 per share. Additionally, Immersion declared a quarterly dividend of $0.045 per share, payable on April 25 to shareholders of record as of April 14.
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