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NVIDIA to Return $1 Billion to Shareholders in Current Fiscal Year

Discussion in 'News' started by btarunr, Apr 12, 2013.

  1. btarunr

    btarunr Editor & Senior Moderator Staff Member

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    NVIDIA today announced that it will return $1 billion this fiscal year to shareholders in the form of stock buybacks and dividend payments, including $100 million in stock being repurchased this quarter.

    This will bring to $1.2 billion the total capital returned to shareholders since the company announced its quarterly dividend program in November 2012.
    NVIDIA had previously disclosed the return of $200 million in capital to shareholders since November. This includes $100 million in shares repurchased in its fiscal fourth quarter ended Jan. 27, 2013 and $100 million in dividends paid in the current and previous quarters.

    The return of a further $1 billion will largely be through a structured stock repurchase program, which includes the $100 million being repurchased in the current quarter. It also includes the company's quarterly dividend of $0.075 per share, which has amounted to about $50 million a quarter.

    "NVIDIA's strategies are gaining traction in the market and make us confident in our ability to continue generating cash," said Jen-Hsun Huang, president and chief executive officer of NVIDIA. "We are now broadening our program of giving back cash to our shareholders and plan to return a further $1 billion by the end of this fiscal year."

    Further details of the plan will be provided next month with the release of NVIDIA's financial results for the first quarter of fiscal 2014 ending April 28, 2013.
    Ikaruga and Spaceman Spiff say thanks.
  2. Jorge

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    They are trying to buy "up" their stock price as their Biz strategy continues to crumble...
  3. Spaceman Spiff

    Spaceman Spiff

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    Yeah, but G** Da**, if they have the money to do that... :eek:

    I'll be going back to AMD the next iteration.
  4. Jorge

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    ^^^ Of course they have the money from charging people $300 for a $50 GPU card. You don't really think it cost $200-$800 to produce a video card, do you? :)
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  5. Spaceman Spiff

    Spaceman Spiff

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    Haha, of course not!! But people are willing to pay a premium for performance are they not??

    I was waiting for a dual gpu from AMD to save some money but they delayed the hell out of it. I sold my entire lga775 rig and my dual 6970's to pay for my 690!!!!

    I like performance! Don't other people on this website??

    EDIT: That being said, I will never buy another gpu without voltage control.
  6. RejZoR

    RejZoR

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    GeForce cards have been overpriced for years now. Thats why i'm camping on the red side...
    I don't have anything against GeForce cards, in fact i wanted the GTX 670, but with a nearly 100 EUR higher price than a HD7950 3GB, makes you wonder what extra do they offer for that. Performance wise, they are pretty much the same. I don't care much for the CUDA and i couldn't care any less for the cheating PhysX marketing thing. So what extra do they offer? Oh yes, nothing.
    Up yours NVIDIA.
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  7. Recus

    Recus

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    Jorge, your conspiracy... [​IMG]
  8. Krneki New Member

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    /flame on
    At least hey know how to make the drivers.
    /flame off
  9. wrathchild_67

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    True, true. The shadow of ATi's bad driver development has not gone away since the days of their Rage cards 15 years ago. They've improved considerably but Nvidia has always had the upper hand in drivers.
  10. Easy Rhino

    Easy Rhino Linux Advocate

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    of course it does. if the profits were that incredible there would be more companies in the mix. the truth is that profit margins for GPU sales are very very low.
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  11. aayman_farzand

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    Don't forget all costs behind R&D, that's the bigger portion, not the manufacturing cost of the GPU itself.

    I do hope they up their game, I don't mind the prices since AMD was priced the same and had to lower it because they were beaten, and anyone who bought cards at that time should not regret it now (like me).

    But right now, there's little reason to choose Nvidia over AMD because the price gap is huge and the performance difference is next to nothing.
  12. bpgt64

    bpgt64

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    Are you kidding? A company that is buying up stock and issuing a dividend usually does so to increase the value of it's stock. Issuing a 1 billion dollar dividend, isn't a bad business strategy.
  13. Xzibit

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    Anyone else notice that Tegra shipments are down more then 55% from last quater from there investors slides.

    With only one phone commited to Tegra 4i you better take your cash on hand and pump up your stock value.

    FY2014 Estimate
    R&D Expenses = $1,308
    Operating Expenses = $1,760

    They are getting too bloated... adding +$100-$200 million a year in Opex for the last 4years. This is were the 300million a year from INtel come in handy but they only have 3yrs left before that money dries up.

    If your willing to listen to the 6 hour long conferance you get the idea that Jen-Hsung Huang is all in on Tegra and everything else is a side operation that will integrade Tegra in the future and will be uniformed into a single chip line-up from HPC to phones.

    WTF!!!

    I think that biker jacket hes been wearing for the last 2 years is cutting off his circulation.
    Last edited: Apr 12, 2013
  14. HumanSmoke

    HumanSmoke

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    Nope.
    The cross licence of IP will be renewed, because Intel continue to use Nvidia IP -notably in CPU iGP's, and from all accounts, Nvidia use/will use Intel IP in ARM+GPU products (Denver/Boulder and possibly Maxwell). Likely the Intel payout will be a lot smaller, but then, the $1.5bn figure was largely predicated as much on Intel locking Nvidia out of chipsets as the IP licence - which was due to expire in 2010 in any case...and of course, if Intel hadn't settled then the upcoming Sandy Bridge CPUs (which of course contain Nvidia IP) would have had to been paired with a board with no onboard video-out (i.e. the P67) assuming SB could have been sold at all.

    [Nvidia-Intel settlement]

    And what's your excuse?
    Last edited: Apr 12, 2013
  15. Xzibit

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    You :laugh:

    Correct me if im wrong but I dont think the licence agreement was for integrated graphic rather the violation of n/s-brigde. In the document it says they cant integrate anything up-to codename Sandy Bridge.
    Nvidia agreed to drop the litigation for the payout that included the cross-licensing IP.
  16. HumanSmoke

    HumanSmoke

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    Yeah, sure. You're wrong. 10 second Google search:
    [Source]
  17. Xzibit

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  18. AsRock

    AsRock TPU addict

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    Not sure about very very low but sure you have to pay for the other parts like the complex PCB boards and VRM chips as it's not if their Toshiba or Samsung and and make there own stuff.

    Often enough opening any thing used to mean seeing other companys electronics like Video recorders most used SONY chips for the front displays and toshiba or other parts but it would not have either of their names on the from, that shit costs money..

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