Infineon Technologies (OTCMKTS:IFNNF) Stock Passes Below 200-Day Moving Average – What’s Next?

Infineon Technologies AG (OTCMKTS:IFNNF)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $34.32 and traded as low as $32.03. Infineon Technologies shares last traded at $32.50, with a volume of 987 shares traded.

Infineon Technologies Stock Performance

The company’s 50-day simple moving average is $32.56 and its 200-day simple moving average is $34.26.

Institutional Investors Weigh In On Infineon Technologies

An institutional investor recently bought a new position in Infineon Technologies stock. Eagle Bay Advisors LLC acquired a new stake in shares of Infineon Technologies AG (OTCMKTS:IFNNF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,100 shares of the company’s stock, valued at approximately $39,000. Hedge funds and other institutional investors 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.