Shares of Infineon Technologies AG (OTCMKTS:IFNNF – Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $74.37 and traded as high as $90.0175. Infineon Technologies shares last traded at $88.20, with a volume of 194,968 shares traded.
Infineon Technologies Price Performance
The company’s 50 day moving average is $75.33 and its 200 day moving average is $57.01.
Institutional Investors Weigh In On Infineon Technologies
An institutional investor recently bought a new position in Infineon Technologies stock. Essex Investment Management Co. LLC acquired a new stake in shares of Infineon Technologies AG (OTCMKTS:IFNNF – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 45,129 shares of the company’s stock, valued at approximately $2,000,000. Institutional investors and hedge funds own 44.76% of the company’s stock.
About Infineon Technologies
Infineon Technologies AG is a Germany-based semiconductor manufacturer specializing in the design, development and production of a broad range of semiconductor and system solutions. Established in 1999 as a spin-off from Siemens AG, the company is headquartered in Neubiberg, Germany, and has built a global reputation for its expertise in power semiconductors, microcontrollers and security controllers.
The company’s core business activities are organized around three key segments: Automotive, Industrial Power Control and Power & Sensor Systems.
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