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 May 11, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $36.08 per share for a total value of $1,443,292.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 14, 2016, Jen Hsun Huang (President and CEO) sold 40,000 shares at $35.76 per share price.On Apr 4, 2016, Colette Kress (EVP & Chief Financial Officer) sold 29,945 shares at $35.76 per share price.Also, On Feb 23, 2016, David M Shannon (EVP, CAO & Secretary) sold 31,976 shares at $30.60 per share price.On Jan 11, 2016, Debora Shoquist (EVP, Operations) sold 98,226 shares at $30.36 per share price.

NVIDIA Corporation: On Tuesday, May 10, 2016 heightened volatility was witnessed in NVIDIA Corporation which led to swings in the share price. The shares opened for trading at $35.5 and hit $36.02 on the upside , eventually ending the session at $35.96, with a gain of 1.93% or 0.68 points. The heightened volatility saw the trading volume jump to 67,41,929 shares. The 52-week high of the share price is $37.46 and the company has a market cap of $19,490 M . The 52-week low of the share price is at $19.09.

NVIDIA Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.NVIDIA Corporation is Reiterated by Topeka Capital Markets to Hold and the brokerage firm has raised the Price Target to $ 36 from a previous price target of $32 .The Rating was issued on Apr 6, 2016.NVIDIA Corporation is Downgraded by Stifel to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 6, 2016.NVIDIA Corporation is Reiterated by Deutsche Bank to Hold and the brokerage firm has raised the Price Target to $ 30 from a previous price target of $26 .The Rating was issued on Apr 6, 2016.NVIDIA Corporation is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 36 from a previous price target of $32 .The Rating was issued on Apr 1, 2016.NVIDIA Corporation is Initiated by Argus to Buy and the brokerage firm has set the Price Target at $39. The Rating was issued on Mar 18, 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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