Nvidia Corp (NVDA) Files Form 4 Insider Selling : Tench Coxe Sells 82,269 Shares

Nvidia Corp (NVDA): Tench Coxe , director of Nvidia Corp sold 82,269 shares on Sep 23, 2016. The Insider selling transaction was reported by the company on Sep 27, 2016 to the Securities and Exchange Commission. The shares were sold at $65.63 per share for a total value of $5,408,656.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 21, 2016, Tench Coxe (director) sold 88,000 shares at $63.60 per share price.On Sep 19, 2016, A Brooke Seawell (director) sold 30,000 shares at $62.52 per share price.Also, On Sep 8, 2016, Jen Hsun Huang (President and CEO) sold 43,727 shares at $62.81 per share price.On Sep 2, 2016, Michael Byron (Principal Accounting Officer) sold 409 shares at $63.35 per share price.

NVIDIA Corporation: On Thursday, Sep 22, 2016 heightened volatility was witnessed in NVIDIA Corporation which led to swings in the share price. The shares opened for trading at $65.24 and hit $65.44 on the upside , eventually ending the session at $65.02, with a gain of 0.25% or 0.16 points. The heightened volatility saw the trading volume jump to 77,18,287 shares. The 52-week high of the share price is $65.26 and the company has a market cap of $34,786 M . The 52-week low of the share price is at $22.5.

NVIDIA Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.NVIDIA Corporation is Initiated by SunTrust to Neutral and the brokerage firm has set the Price Target at $59. The Rating was issued on Sep 20, 2016.NVIDIA Corporation is Initiated by Susquehanna to Neutral. The Rating was issued on Sep 20, 2016.NVIDIA Corporation is Upgraded by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 72 from a previous price target of $47 .Earlier the firm had a rating of Sector Perform on the company shares. The Rating was issued on Aug 12, 2016.NVIDIA Corporation is Reiterated by Barclays to Underweight and the brokerage firm has raised the Price Target to $ 54 from a previous price target of $40 .The Rating was issued on Aug 12, 2016.NVIDIA Corporation is Reiterated by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 66 from a previous price target of $60 .The Rating was issued on Aug 12, 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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