It's an ambiguous expression, which is best clarified with the use of parentheses to make explicit the first operation to perform, and on which two integers.
That is, the expression is best expressed by presenting it as one of:
$\;(16 / 4)* 4 = 16\;\tag{1}$ OR $\;16/(4* 4)=1\,\;\tag{2}$
leaving no room for confusion or ambiguity on the part of the reader.
That said:
Since division and multiplication are equal in precedence (see order of operations), and absent any parentheses, then by convention, we evaluate from left to right.
That is: we evaluate $\;16/4*4 = 4 * 4 = 16,\;$ just as we would evaluate $(1)$ above.
I'll quote from Gerry Myerson's answer to this post:
"There is no Supreme Court for mathematical notation; there were no commandments handed down on Sinai concerning operational precedence; all there is, is convention, and different people are free to adhere to different conventions. Wise people will stick in enough parentheses to make it impossible for anyone to mistake the meaning."
They use $(1)$ when they mean $(1)$, and use $(2)$ when they mean $(2)$.