Lincoln Capital adds Neonode Inc (NEON) to its portfolio

Neonode Inc (NEON) : Lincoln Capital added new position in Neonode Inc during the most recent quarter end. The investment management firm now holds 200,000 shares of Neonode Inc which is valued at $288,000 , the company said in a statement filed on Aug 3, 2016 with the SEC.Neonode Inc makes up approximately 0.21% of Lincoln Capital’s portfolio.

Other Hedge Funds, Including , Parkside Financial Bank Trust reduced its stake in NEON by selling 4,366 shares or 29.33% in the most recent quarter. The Hedge Fund company now holds 10,521 shares of NEON which is valued at $15,150. Neonode Inc makes up approx 0.01% of Parkside Financial Bank Trust’s portfolio.Creative Planning boosted its stake in NEON in the latest quarter, The investment management firm added 239 additional shares and now holds a total of 739 shares of Neonode Inc which is valued at $1,123.Cutler Group Lp reduced its stake in NEON by selling 1,023 shares or 40.55% in the most recent quarter. The Hedge Fund company now holds 1,500 shares of NEON which is valued at $2,280.

Neonode Inc closed down -0.11 points or -7.43% at $1.37 with 2,52,681 shares getting traded on Monday. Post opening the session at $1.5, the shares hit an intraday low of $1.36 and an intraday high of $1.5348 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Neonode Inc. develops and licenses user interfaces and optical infrared touch technology. The Company’s technology offers multiple features including the ability to sense an object’s size depth velocity pressure and proximity to any type of surface. It licenses its multi-touch technology to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) who incorporate it into devices that they produce and sell. In addition it develops prototype products and is engaged in product engineering design discussions with numerous global OEMs and ODMs. The Company offers its family of touch solutions under the brands MultiSensing and zForce. Its solution provides sense enablement through touch and proximity sensing. Its technology has application in various fields such as laptop computers all-in-one computers stand-alone monitors printer products global positioning systems e-Readers tablets mobile phones wearable electronics and games and toys among others.

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