Nvidia Corp (NVDA) Files Form 4 Insider Selling : Jen Hsun Huang Sells 40,000 Shares

Nvidia Corp (NVDA): Jen Hsun Huang , President and CEO of Nvidia Corp sold 40,000 shares on Jul 13, 2016. The Insider selling transaction was reported by the company on Jul 15, 2016 to the Securities and Exchange Commission. The shares were sold at $52.94 per share for a total value of $2,117,432.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 15, 2016, Mark L Perry (director) sold 35,000 shares at $52.93 per share price.On Jun 20, 2016, A Brooke Seawell (director) sold 5,142 shares at $47.01 per share price.Also, On Jun 14, 2016, Jen Hsun Huang (President and CEO) sold 40,000 shares at $46.49 per share price.On May 25, 2016, Mark A Stevens (director) sold 150,000 shares at $45.40 per share price.

Shares of NVIDIA Corporation (NVDA) ended Friday, Jul 15, 2016 session in red amid volatile trading. The shares closed down -0.62 points or -1.16% at $52.7 with 1,07,15,357 shares getting traded. Post opening the session at $52.64, the shares hit an intraday low of $51.841 and an intraday high of $52.935 and the price vacillated in this range throughout the day. The company has a market cap of $28,142 M and the number of outstanding shares has been calculated to be 53,40,00,000 shares. The 52-week high of NVIDIA Corporation is $53.8 and the 52-week low is $19.09.

NVIDIA Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.NVIDIA Corporation is Downgraded by Wells Fargo to Underperform. Earlier the firm had a rating of Market Perform on the company shares. The Rating was issued on Jul 15, 2016.NVIDIA Corporation is Initiated by Mizuho to Buy and the brokerage firm has set the Price Target at $60. The Rating was issued on Jul 15, 2016.NVIDIA Corporation is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 47 from a previous price target of $40 .The Rating was issued on Jun 17, 2016.NVIDIA Corporation is Reiterated by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 55 from a previous price target of $45 .The Rating was issued on Jun 16, 2016.NVIDIA Corporation is Reiterated by Wedbush to Outperform and the brokerage firm has raised the Price Target to $ 52 from a previous price target of $42 .The Rating was issued on Jun 15, 2016.

NVIDIA Corporation (NVIDIA) is engaged in visual computing enabling individuals to interact with digital ideas data and entertainment. The Company is engaged in creating NVIDIA-branded products and services offering its processors to original equipment manufacturers (OEMs) and licensing its intellectual property. NVIDIA-branded products and services are visual computing platforms that address four markets: Gaming Enterprise High Performance Computing & Cloud and Automotive. The Company operates in two segments: Graphics Processing Unit (GPU) and Tegra Processor. The Company’s GPU product brands include GeForce for gamers; Quadro for designers; Tesla for researchers learning and big-data analysts; and GRID for cloud-based visual computing users. The Company’s Tegra processors are primarily designed to enable its branded platforms: DRIVE and SHIELD.

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