International Business Machines Corporation $IBM Shares Purchased by Allworth Financial LP

Key Points

• Allworth Financial increased its IBM stake by 3.6% in the second quarter, bringing its holdings to 140,146 shares valued at approximately $39.4 million. Institutional investors and hedge funds collectively own 58.96% of IBM.
• IBM subsidiary Anderon finalized a $1 billion CHIPS Act award to accelerate development of a U.S.-based quantum wafer foundry, strengthening IBM’s long-term quantum-computing strategy but not providing an immediate earnings boost.
• IBM’s latest results showed earnings in line with estimates at $2.93 per share, while revenue of $17.16 billion missed expectations. Shares recently fell 4.3%, despite analysts maintaining a “Moderate Buy” consensus and a $265.16 average price target.

Allworth Financial LP grew its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,146 shares of the technology company's stock after buying an additional 4,935 shares during the quarter. Allworth Financial LP's holdings in International Business Machines were worth $39,410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in International Business Machines during the second quarter worth approximately $21,586,659,000. Bank of America Corp DE acquired a new position in International Business Machines during the second quarter worth about $4,214,868,000. Bank of New York Mellon Corp bought a new stake in International Business Machines in the second quarter worth about $2,606,782,000. Norges Bank bought a new stake in International Business Machines in the fourth quarter worth about $2,446,429,000. Finally, Legal & General Group Plc acquired a new stake in International Business Machines in the 2nd quarter valued at about $1,874,733,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines News Roundup

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM subsidiary Anderon finalized a $1 billion CHIPS and Science Act award from the U.S. Department of Commerce to accelerate development of a U.S.-based, pure-play quantum wafer foundry. The funding strengthens IBM’s position in quantum infrastructure and could create longer-term strategic opportunities, although it is primarily government support for research and capacity expansion rather than immediate revenue. Anderon finalizes $1 billion CHIPS award
• Positive Sentiment: Analysts’ reported price targets remain above the current trading level, and coverage highlighted potential growth from IBM’s quantum infrastructure strategy and AI deployments. A Turkish credit-bureau AI deal also reportedly involves production-scale processing of 23 million transactions daily, though IBM did not disclose its contract value.
• Neutral Sentiment: The quantum award is strategically important but may require substantial execution, investment and time before materially affecting IBM’s earnings. The opportunity is viewed more as a long-term infrastructure platform than an immediate financial catalyst.
• Negative Sentiment: Despite the government announcement, investors appear to be taking profits after IBM’s recent advance. Technical commentary pointed to resistance near the $239–$241 area, while the retreat below that zone weakened the short-term breakout thesis. Why IBM stock is falling
• Negative Sentiment: IBM’s latest reported quarter showed earnings in line with estimates but revenue below expectations, reinforcing concerns that the company’s near-term growth remains modest. The stock’s decline while the broader technology market rallied suggests valuation and profit-taking pressures outweighed the quantum news.

International Business Machines Stock Down 4.3%

Shares of NYSE:IBM opened at $237.65 on Thursday. International Business Machines Corporation has a 52 week low of $199.19 and a 52 week high of $332.46. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79. The company has a market cap of $223.90 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 2.37 and a beta of 0.71. The firm has a 50 day simple moving average of $233.43 and a 200 day simple moving average of $246.71.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.93. The company had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The company's revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.80 EPS. As a group, research analysts expect that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were given a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, August 10th. International Business Machines's payout ratio is presently 59.98%.

Analyst Ratings Changes

Several research firms have recently weighed in on IBM. Barclays reduced their price objective on shares of International Business Machines from $288.00 to $262.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. Susquehanna raised their target price on shares of International Business Machines from $225.00 to $235.00 and gave the stock a "neutral" rating in a report on Monday, August 31st. JPMorgan Chase & Co. decreased their price target on shares of International Business Machines from $291.00 to $250.00 and set an "overweight" rating on the stock in a research report on Friday, July 17th. Piper Sandler raised International Business Machines to an "overweight" rating in a report on Tuesday, June 23rd. Finally, Citigroup cut their price objective on International Business Machines from $255.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, July 24th. Seventeen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $265.16.

Insider Transactions at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following the completion of the sale, the senior vice president directly owned 47,800 shares of the company's stock, valued at approximately $11,009,296. This represents a 34.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company's stock.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company that provides enterprise-focused hardware, software and services. Its offerings include hybrid cloud solutions, artificial intelligence, data and automation software, cybersecurity tools, IT infrastructure and technology consulting.

IBM develops and supports enterprise systems such as IBM Z mainframes, Power servers and storage products. Its software portfolio includes Red Hat hybrid cloud technologies, the watsonx platform for artificial intelligence and data management, application integration tools and cybersecurity solutions.

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