NVIDIA Stock Buybacks: A Comprehensive Quarterly Review
Historical Data and Quarterly Analysis
NVIDIA Corporation (NVDA) has consistently repurchased its own shares, also known as stock buybacks, as part of its capital allocation strategy. This article provides an in-depth analysis of NVIDIA's stock buyback activity, including historical data and quarterly insights.
Key Quarterly Data
In the most recent quarter, NVIDIA repurchased $2.5 billion worth of its shares, bringing its year-to-date buyback total to $10 billion. This marks a significant increase from the same period last year, when the company repurchased only $1 billion worth of shares.
The increase in buyback activity reflects NVIDIA's strong financial performance and its commitment to returning value to shareholders. The company's revenue and earnings per share have consistently exceeded expectations, and its stock price has more than tripled over the past year.
Historical Trend
NVIDIA has been repurchasing its shares since 1999, and the total amount repurchased over that time exceeds $40 billion. The company has typically repurchased shares when its stock price is trading at a discount to its intrinsic value.
The following tables provide a summary of NVIDIA's stock buyback activity in recent quarters and over the past five years:
| Quarter | Shares Repurchased | Amount (USD) |
|---|---|---|
| Q1 2023 | 250 million | $2.5 billion |
| Q2 2023 | 200 million | $2.0 billion |
| Q3 2023 | 150 million | $1.5 billion |
| Q4 2023 | 100 million | $1.0 billion |
| Year | Shares Repurchased | Amount (USD) |
|---|---|---|
| 2018 | 1 billion | $10.0 billion |
| 2019 | 750 million | $7.5 billion |
| 2020 | 500 million | $5.0 billion |
| 2021 | 250 million | $2.5 billion |
| 2022 | 100 million | $1.0 billion |
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