IonQ, Inc. $IONQ Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in IonQ, Inc. (NYSE:IONQ) by 34.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,737,145 shares of the company’s stock after purchasing an additional 446,452 shares during the period. Bank of New York Mellon Corp’s holdings in IonQ were worth $77,946,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IONQ. Vanguard Group Inc. boosted its stake in shares of IonQ by 18.5% during the fourth quarter. Vanguard Group Inc. now owns 34,774,743 shares of the company’s stock valued at $1,560,343,000 after acquiring an additional 5,420,037 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of IonQ by 21.9% during the fourth quarter. Geode Capital Management LLC now owns 8,074,301 shares of the company’s stock valued at $361,624,000 after acquiring an additional 1,452,463 shares during the last quarter. State Street Corp boosted its stake in shares of IonQ by 19.9% during the third quarter. State Street Corp now owns 6,299,559 shares of the company’s stock valued at $387,423,000 after acquiring an additional 1,043,878 shares during the last quarter. Norges Bank purchased a new position in IonQ during the fourth quarter worth about $199,753,000. Finally, JPMorgan Chase & Co. lifted its position in IonQ by 12.5% during the third quarter. JPMorgan Chase & Co. now owns 3,008,001 shares of the company’s stock worth $184,992,000 after buying an additional 333,653 shares during the period. Institutional investors and hedge funds own 41.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Needham & Company LLC reduced their target price on IonQ from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Northland Securities assumed coverage on IonQ in a research report on Monday, April 20th. They set an “outperform” rating and a $55.00 target price on the stock. DA Davidson reduced their price objective on IonQ from $55.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. JPMorgan Chase & Co. lifted their price objective on IonQ from $42.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Morgan Stanley set a $48.50 price objective on IonQ in a research note on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.63.

IonQ News Roundup

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ opened a new quantum computing R&D lab in Boulder, Colorado, expanding semiconductor chip testing and development capacity for future trapped-ion systems. IonQ, Inc. (IONQ) Opens a New Quantum Computing R&D Lab in Boulder, Colorado
• Positive Sentiment: Recent bullish commentary highlighted IonQ’s record Q1 FY26 revenue, raised full-year guidance, and strong RPO growth, reinforcing the company’s long-term growth story. IonQ: The Most Complete Pure-Play Quantum Investment
• Neutral Sentiment: Several market articles and analyst-style pieces continued to spotlight IonQ as a leading pure-play quantum stock, which may be helping support investor interest but does not change fundamentals on its own. Brokers Suggest Investing in IonQ (IONQ): Read This Before Placing a Bet
• Negative Sentiment: A widely circulated article accused IonQ of making misleading bitcoin-mining claims, adding reputational pressure and likely contributing to investor caution. Martin Shkreli accuses IONQ of making wild bitcoin mining claims
• Negative Sentiment: With IonQ’s valuation still elevated and its earnings profile not yet profitable, traders may be taking profits after a strong run in the stock.

IonQ Stock Performance

Shares of NYSE:IONQ opened at $56.69 on Wednesday. IonQ, Inc. has a one year low of $25.89 and a one year high of $84.64. The business’s 50-day simple moving average is $48.42 and its 200 day simple moving average is $44.32. The company has a market cap of $21.16 billion, a P/E ratio of -202.45 and a beta of 3.18.

IonQ (NYSE:IONQ) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.08). IonQ had a negative return on equity of 23.20% and a net margin of 174.88%.The business had revenue of $64.67 million for the quarter, compared to analysts’ expectations of $49.75 million. During the same quarter in the prior year, the firm earned ($0.14) earnings per share. IonQ’s revenue for the quarter was up 754.7% compared to the same quarter last year. Analysts predict that IonQ, Inc. will post -2.26 earnings per share for the current year.

Insider Activity at IonQ

In other IonQ news, insider Robert T. Cardillo sold 3,773 shares of IonQ stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $49.90, for a total transaction of $188,272.70. Following the sale, the insider directly owned 139,967 shares in the company, valued at $6,984,353.30. The trade was a 2.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John W. Raymond sold 2,800 shares of IonQ stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $33.34, for a total value of $93,352.00. Following the sale, the insider owned 83,963 shares in the company, valued at $2,799,326.42. This represents a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.20% of the stock is owned by insiders.

About IonQ

IonQ, Inc engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft’s Azure Quantum, and Google’s Cloud Marketplace, as well as through its cloud service. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems.