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 Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 14, 2016 to the Securities and Exchange Commission. The shares were sold at $46.49 per share for a total value of $1,859,716.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Mark A Stevens (director) sold 150,000 shares at $45.40 per share price.On May 23, 2016, Michael Byron (Principal Accounting Officer) sold 19,347 shares at $43.38 per share price.Also, On May 17, 2016, David M Shannon (EVP, CAO & Secretary) sold 271,049 shares at $42.07 per share price.On May 12, 2016, Jen Hsun Huang (President and CEO) sold 40,000 shares at $36.08 per share price.

Shares of NVIDIA Corporation (NVDA) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -1.18 points or -2.49% at $46.2 with 1,00,00,592 shares getting traded. Post opening the session at $46.82, the shares hit an intraday low of $46.14 and an intraday high of $47.24 and the price vacillated in this range throughout the day. The company has a market cap of $24,671 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 $47.54 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 Upgraded by Nomura to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 13, 2016.NVIDIA Corporation is Initiated by Goldman to Buy. The Rating was issued on Jun 2, 2016.NVIDIA Corporation is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $36 .The Rating was issued on May 13, 2016.NVIDIA Corporation is Reiterated by Wedbush to Outperform and the brokerage firm has raised the Price Target to $ 42 from a previous price target of $38 .The Rating was issued on May 13, 2016.NVIDIA Corporation is Upgraded by ROTH Capital to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 13, 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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