Infineon Technologies (IFNNF) to Announce Earnings on Wednesday

Infineon Technologies (OTCMKTS:IFNNF) is expected to be posting its resultson 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 Price Performance

Shares of IFNNF opened at $65.30 on Wednesday. Infineon Technologies has a one year low of $36.20 and a one year high of $103.50. The firm has a 50-day moving average of $85.94 and a 200-day moving average of $64.71.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Infineon Technologies stock. Essex Investment Management Co. LLC purchased a new stake in Infineon Technologies AG (OTCMKTS:IFNNF) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 45,129 shares of the company’s stock, valued at approximately $2,000,000. 44.76% of the stock is 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.