Infineon Technologies (OTCMKTS:IFNNF) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Infineon Technologies AG (OTCMKTS:IFNNF) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $35.50 and traded as low as $30.30. Infineon Technologies shares last traded at $30.30, with a volume of 600 shares changing hands.

Infineon Technologies Stock Down 1.3 %

The company’s 50 day moving average price is $32.61 and its 200 day moving average price is $35.50.

Hedge Funds Weigh In On Infineon Technologies

An institutional investor recently bought a new position in Infineon Technologies stock. Eagle Bay Advisors LLC purchased a new stake in Infineon Technologies AG (OTCMKTS:IFNNF) in the third quarter, according to the company in 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. 44.76% of the stock is owned by institutional investors.

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.