Infineon Technologies (OTCMKTS:IFNNF) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Infineon Technologies AG (OTCMKTS:IFNNF) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $34.16 and traded as high as $38.85. Infineon Technologies shares last traded at $38.85, with a volume of 140 shares.

Infineon Technologies Trading Up 0.9 %

The firm’s fifty day simple moving average is $34.16 and its two-hundred day simple moving average is $33.40.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Infineon Technologies stock. Eagle Bay Advisors LLC purchased a new stake in shares of Infineon Technologies AG (OTCMKTS:IFNNF) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,100 shares of the company’s stock, valued at approximately $39,000. Institutional investors and hedge funds own 44.76% of the company’s stock.

About Infineon Technologies

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and semiconductor-based solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and memory ICs; transceivers; diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.