Nvidia Stock Buyback

The bottom line on nvidia stock.

Nvidia stock buyback. The stock trades at a one year forward p e of 31 5x compared to. In depth view into nvidia stock buyback annual including historical data from 1999 charts stats and industry comps. Nvidia s current buyback yield was 0 00. To date 1 46 billion has been spent to repurchase 90 9 million common shares the company said.

Since nvidia s board authorized the repurchase of its stock in august 2004 nvidia s bought back 260 million of its shares at an average price of 27 23 a share delivering a 510 return on. But because the stock price has increased by so much share buybacks are the. Stock buybacks are when companies buy back their own stock removing it from the marketplace. Since nvidia s board authorized the repurchase of its stock in august 2004 nvidia s bought back 260 million of its shares at an average price of 27 23 a.

A 500 million buyback may sound like a great idea considering how much cash nvidia has sitting on its balance sheet. Nvidia corporation shed 55 76 billion or 48 in market capitalisation in the recent market correction this past quarter following this the company upgraded their share buyback program to 7 94. Stock buybacks increase the value of the remaining shares because there is now less common stock outstanding and company earnings are split among fewer shares. Under it nvidia nvda 3 03 could buy back up to 2 7 billion in common stock.

It is a measure of shareholder return.