Infineon Technologies (OTCMKTS:IFNNF – Get Free Report) is anticipated to release its results before the market opens on Wednesday, August 5th. Analysts expect the company to announce earnings of $0.5110 per share and revenue of $4.7235 billion for the quarter.
Infineon Technologies Stock Performance
IFNNF opened at $71.29 on Monday. The firm’s 50 day moving average is $85.11 and its 200-day moving average is $65.10. Infineon Technologies has a 52-week low of $36.20 and a 52-week high of $103.50.
Institutional Trading of Infineon Technologies
An institutional investor recently bought a new stake in Infineon Technologies stock. Essex Investment Management Co. LLC acquired a new stake in shares of Infineon Technologies AG (OTCMKTS:IFNNF – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 45,129 shares of the company’s stock, valued at approximately $2,000,000. 44.76% of the stock is currently owned by hedge funds and other institutional investors.
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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