Nvidia Corp (NVDA) Files Form 4 Insider Selling : Tench Coxe Sells 88,000 Shares

Nvidia Corp (NVDA): Tench Coxe , director of Nvidia Corp sold 88,000 shares on Sep 19, 2016. The Insider selling transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were sold at $63.60 per share for a total value of $5,597,282.50 , 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 19, 2016, A Brooke Seawell (director) sold 30,000 shares at $62.52 per share price.On Sep 8, 2016, Jen Hsun Huang (President and CEO) sold 43,727 shares at $62.81 per share price.Also, On Sep 2, 2016, Michael Byron (Principal Accounting Officer) sold 409 shares at $63.35 per share price.On Aug 29, 2016, Colette Kress (EVP & Chief Financial Officer) sold 38,039 shares at $62.18 per share price.

Shares of NVIDIA Corporation (NVDA) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.58 points or -0.91% at $63.09 with 82,77,832 shares getting traded. Post opening the session at $64.4, the shares hit an intraday low of $62.74 and an intraday high of $64.4 and the price vacillated in this range throughout the day. The company has a market cap of $33,753 M and the number of outstanding shares has been calculated to be 53,50,00,000 shares. The 52-week high of NVIDIA Corporation is $65.26 and the 52-week low is $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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