Van Hulzen Asset Management LLC Has $31.69 Million Stock Holdings in International Business Machines Corporation $IBM

Van Hulzen Asset Management LLC reduced its stake in International Business Machines (IBM) by 2.3% in the second quarter, holding 112,688 shares valued at $31.69 million. IBM is expanding its quantum computing and enterprise AI efforts, including a $1 billion CHIPS Act award for a quantum wafer foundry and new collaborations for its watsonx platform. Despite a recent market decline, analysts maintain a "Moderate Buy" rating with an average price target of $265, and IBM pays a quarterly dividend