Bank of America Corp DE Takes $344.76 Million Position in IonQ, Inc. $IONQ

Key Points

• Bank of America acquired a $344.76 million stake in IonQ during the second quarter, purchasing 6.47 million shares and holding approximately 1.7% of the company. Institutional investors and hedge funds collectively own 41.42% of IonQ.
• IonQ reported strong quarterly growth, with revenue rising 286.7% year over year to $80.05 million and its loss of $0.33 per share beating estimates. However, the company remains deeply unprofitable, with a negative net margin exceeding 553%.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $67.17 versus the stock’s reported $36.78 price. Shares have nevertheless fallen from a 52-week high of $84.64, while insider selling and IonQ’s exclusion from a $100 million CHIPS Act funding round remain concerns.

Bank of America Corp DE bought a new position in shares of IonQ, Inc. (NYSE:IONQ - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,473,088 shares of the company's stock, valued at approximately $344,757,000. Bank of America Corp DE owned 1.70% of IonQ at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. EFG International AG bought a new stake in shares of IonQ in the second quarter valued at about $30,000. Accent Capital Management LLC increased its position in IonQ by 171.8% during the fourth quarter. Accent Capital Management LLC now owns 587 shares of the company's stock worth $26,000 after acquiring an additional 371 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in IonQ in the 2nd quarter worth about $42,000. EverSource Wealth Advisors LLC raised its stake in IonQ by 216.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 959 shares of the company's stock worth $28,000 after purchasing an additional 656 shares in the last quarter. Finally, Elyxium Wealth LLC bought a new stake in IonQ in the 4th quarter valued at about $45,000. 41.42% of the stock is owned by institutional investors and hedge funds.

IonQ Stock Down 0.7%

IONQ opened at $36.78 on Thursday. The stock has a market capitalization of $14.01 billion, a price-to-earnings ratio of -7.89 and a beta of 3.30. IonQ, Inc. has a twelve month low of $25.89 and a twelve month high of $84.64. The company has a 50-day simple moving average of $39.36 and a 200 day simple moving average of $43.83.

IonQ (NYSE:IONQ - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.23. The company had revenue of $80.05 million during the quarter, compared to analysts' expectations of $66.47 million. IonQ had a negative net margin of 553.27% and a negative return on equity of 22.29%. The business's revenue for the quarter was up 286.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.70) EPS. Sell-side analysts anticipate that IonQ, Inc. will post -2.48 EPS for the current fiscal year.

Insider Buying and Selling

In other IonQ news, insider John Raymond sold 2,407 shares of the company's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $37.21, for a total transaction of $89,564.47. Following the completion of the sale, the insider directly owned 77,741 shares in the company, valued at $2,892,742.61. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IONQ. Mizuho decreased their target price on shares of IonQ from $61.00 to $52.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 9th. Benchmark reiterated a "buy" rating and issued a $60.00 price target on shares of IonQ in a research report on Thursday, August 6th. Jefferies Financial Group reiterated a "buy" rating and issued a $80.00 price target on shares of IonQ in a research note on Wednesday, September 9th. Needham & Company LLC reissued a "buy" rating and set a $65.00 price target on shares of IonQ in a research report on Wednesday, September 9th. Finally, Morgan Stanley set a $49.00 price objective on IonQ in a research note on Thursday, August 6th. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, IonQ presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.17.

Trending Headlines about IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ, Oak Ridge National Laboratory, NVIDIA and the University of Tennessee demonstrated a generative-AI method that designs quantum optimization circuits directly. The approach reduced compilation time from more than 11 minutes to approximately 28 seconds on a 12-qubit benchmark, potentially lowering costs and making quantum computing more practical for commercial applications. IonQ, ORNL, NVIDIA, and the University of Tennessee, Knoxville Show AI Method Reduces Quantum Optimization Trade Off
• Positive Sentiment: The company received four Best Paper Awards at IEEE Quantum Week 2026 from 857 submissions, recognizing work with Quantum Basel, Synopsys, Oak Ridge and NVIDIA across AI, hybrid computing and life sciences. The awards strengthen IonQ’s research credibility and partnership profile. IonQ Earns Four Best Paper Awards
• Positive Sentiment: Optimistic coverage highlighted IonQ’s raised 2026 sales outlook, planned SkyWater acquisition and potential revenue of $450 million to $460 million after the deal. The acquisition could accelerate chip fabrication and scaling of IonQ’s Superion platform. IonQ's Historic Low Valuation Meets Record-Breaking Guidance
• Neutral Sentiment: IonQ’s latest quarterly results showed 286.7% year-over-year revenue growth and a smaller-than-expected loss, but the company remains deeply unprofitable and trades at a high-beta valuation after falling substantially from its 52-week peak.
• Negative Sentiment: IonQ’s CEO sold more than 16,000 shares worth nearly $600,000. Although the sale followed an improved sales outlook, insider selling can raise concerns about near-term sentiment and shareholder confidence. IonQ CEO Sells Over 16,000 Shares
• Negative Sentiment: IonQ was excluded from a $100 million CHIPS Act funding round awarded to D-Wave, Rigetti and Quantinuum, potentially putting it at a relative disadvantage in government-supported expansion.

About IonQ

IonQ, Inc is a quantum computing company that develops and commercializes quantum computers based on trapped-ion technology. Its systems are designed to perform specialized computations that may be difficult for classical computers, with potential applications in areas such as optimization, materials science, drug discovery, artificial intelligence and financial modeling.

The company provides access to its quantum processors through cloud platforms, including Amazon Web Services' Amazon Braket, Microsoft Azure Quantum and Google Cloud.

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