Infineon Technologies (IFNNF) to Post Earnings on Wednesday

Infineon Technologies (OTCMKTS:IFNNF) is expected to issue its resultson Wednesday, August 5th. Analysts expect the company to post earnings of $0.5110 per share and revenue of $4.7235 billion for the quarter.

Infineon Technologies Stock Down 9.5%

OTCMKTS:IFNNF opened at $65.30 on Wednesday. Infineon Technologies has a 52 week low of $36.20 and a 52 week high of $103.50. The firm’s fifty day moving average is $85.94 and its 200-day moving average is $64.71.

Institutional Investors Weigh In On Infineon Technologies

An institutional investor recently bought a new position in Infineon Technologies stock. Essex Investment Management Co. LLC purchased a new stake in Infineon Technologies AG (OTCMKTS:IFNNF) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 45,129 shares of the company’s stock, valued at approximately $2,000,000. 44.76% of the stock is currently owned by institutional investors and hedge funds.

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.