Infineon Technologies (OTCMKTS:IFNNF) Stock Price Up 1.3% – Still a Buy?

Infineon Technologies AG (OTCMKTS:IFNNF)’s stock price traded up 1.3% on Thursday . The company traded as high as $35.44 and last traded at $35.44. 373 shares changed hands during trading, a decline of 94% from the average session volume of 6,537 shares. The stock had previously closed at $34.98.

Infineon Technologies Stock Performance

The firm’s 50 day moving average is $32.55 and its two-hundred day moving average is $34.72.

Institutional Inflows and Outflows

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