Tocqueville Asset Management L.P. Lowers Stock Holdings in International Business Machines Corporation $IBM

Key Points

• Tocqueville Asset Management cut its stake in IBM by 31.2%, selling 37,552 shares and leaving it with 82,947 shares worth about $23.4 million at quarter end.
• IBM rolled out an industry‑first quantum‑centric supercomputing reference architecture and launched an AI governance partnership with E.SUN Bank, though the quantum blueprint prompted a premarket stock decline as investors questioned near‑term monetization.
• IBM recently beat quarterly expectations with EPS of $4.52 (vs. $4.33) and revenue of $19.69B (+12.2% YoY), pays a $6.72 annual dividend (2.7% yield), and carries an average analyst target around $320.87 with a "Moderate Buy" consensus.

Tocqueville Asset Management L.P. reduced its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 31.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,947 shares of the technology company's stock after selling 37,552 shares during the quarter. Tocqueville Asset Management L.P.'s holdings in International Business Machines were worth $23,404,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. CFS Investment Advisory Services LLC lifted its stake in International Business Machines by 0.4% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 9,359 shares of the technology company's stock worth $2,878,000 after purchasing an additional 34 shares in the last quarter. KPP Advisory Services LLC grew its position in shares of International Business Machines by 1.7% during the 3rd quarter. KPP Advisory Services LLC now owns 2,069 shares of the technology company's stock valued at $584,000 after purchasing an additional 34 shares in the last quarter. Marco Investment Management LLC increased its holdings in shares of International Business Machines by 0.3% in the third quarter. Marco Investment Management LLC now owns 10,774 shares of the technology company's stock worth $3,040,000 after purchasing an additional 34 shares during the period. MA Private Wealth increased its holdings in shares of International Business Machines by 1.5% in the third quarter. MA Private Wealth now owns 2,242 shares of the technology company's stock worth $633,000 after purchasing an additional 34 shares during the period. Finally, Altman Advisors Inc. raised its position in shares of International Business Machines by 0.3% in the third quarter. Altman Advisors Inc. now owns 9,929 shares of the technology company's stock worth $2,802,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Key International Business Machines News

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

• Positive Sentiment: IBM published the industry’s first quantum‑centric supercomputing reference architecture, showing how quantum processors (QPUs) can be integrated with CPUs/GPUs across on‑prem, cloud and research centers — a clear differentiator that supports IBM’s leadership in quantum systems and could open new sales to national labs, research institutions and cloud partners. IBM Releases a New Blueprint for Quantum-Centric Supercomputing
• Positive Sentiment: IBM teamed with Taiwan’s E.SUN Bank to deploy an enterprise AI governance framework — a real‑world banking customer use case that could accelerate recurring software, consulting and services revenue in financial services where compliance and explainability command premium fees. IBM Teams Up With E.SUN Bank on AI Governance: Will it Fuel Revenue?
• Positive Sentiment: Analysts remain generally constructive on top tech names including IBM, which supports sentiment that IBM’s mix of hybrid cloud, AI and quantum positions it for multi-year upside even if near-term catalysts are limited. Analysts Are Bullish on Top Technology Stocks
• Neutral Sentiment: Interview coverage with CFO Jim Kavanaugh reiterates IBM’s strategic focus on AI, hybrid cloud and quantum — useful for investors assessing execution but not an immediate revenue catalyst. The Motley Fool Interviews IBM CFO Jim Kavanaugh
• Neutral Sentiment: Research collaboration that produced a novel molecule highlights IBM’s deep R&D capabilities (materials/chemistry), which may underpin long‑term IP and partnerships but has limited near‑term revenue impact. International Business Machines (IBM) Develops a Novel Molecule
• Neutral Sentiment: IBM appears as a named partner in expanded digital accessibility programs (Level Access partner announcements), which is supportive of ecosystem reach but not a material earnings driver. Level Access Supercharges Partner Program to Accelerate Digital Accessibility
• Negative Sentiment: Market reaction: IBM stock slipped in premarket trading after the quantum blueprint release, suggesting investors are skeptical about the timing and near‑term monetization of quantum initiatives and are focused on valuation and technicals. What's Going On With IBM Stock On Thursday?

International Business Machines Price Performance

IBM traded down $1.48 during trading on Friday, reaching $246.20. The stock had a trading volume of 893,719 shares, compared to its average volume of 5,990,218. The business has a 50-day moving average of $277.71 and a 200-day moving average of $284.23. International Business Machines Corporation has a one year low of $214.50 and a one year high of $324.90. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 0.96. The stock has a market cap of $230.95 billion, a PE ratio of 22.08, a PEG ratio of 2.49 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.33 by $0.19. The firm had revenue of $19.69 billion during the quarter, compared to analysts' expectations of $19.23 billion. International Business Machines had a return on equity of 38.15% and a net margin of 15.69%.The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.92 EPS. As a group, equities research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th were paid a $1.68 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $6.72 annualized dividend and a yield of 2.7%. International Business Machines's dividend payout ratio is currently 60.27%.

Insider Buying and Selling

In other International Business Machines news, Director David N. Farr purchased 1,000 shares of International Business Machines stock in a transaction on Friday, January 30th. The shares were acquired at an average cost of $304.00 per share, for a total transaction of $304,000.00. Following the completion of the transaction, the director directly owned 9,258 shares of the company's stock, valued at approximately $2,814,432. The trade was a 12.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael Miebach purchased 434 shares of the firm's stock in a transaction on Wednesday, February 25th. The shares were acquired at an average cost of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the purchase, the director directly owned 434 shares of the company's stock, valued at approximately $101,265.22. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 1,484 shares of company stock worth $417,157 over the last quarter. Company insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on IBM shares. Royal Bank Of Canada set a $361.00 price objective on International Business Machines in a research note on Thursday, January 29th. Argus set a $360.00 price target on International Business Machines in a report on Friday, January 30th. Bank of America lifted their price target on International Business Machines from $315.00 to $335.00 and gave the company a "buy" rating in a research report on Tuesday, January 13th. BMO Capital Markets reissued a "market perform" rating and set a $350.00 price objective on shares of International Business Machines in a report on Thursday, January 29th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of International Business Machines in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $320.87.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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