IonQ, Inc. $IONQ Position Trimmed by Bank of America Corp DE

Key Points

• Bank of America reduced its IonQ stake by 15.4% in the first quarter, selling 329,399 shares and retaining 1.81 million shares worth approximately $52.1 million. Institutional investors collectively own 41.42% of the company.
• IonQ reported strong quarterly results, with revenue of $80.05 million—up 286.7% year over year and above estimates—and an adjusted loss per share that beat expectations. Analysts expect the company to remain unprofitable this year, with projected EPS of negative $2.26.
• Analyst sentiment remains mixed but leans positive: IonQ has a “Moderate Buy” consensus rating and an average price target of $69.92, despite some sell or strong-sell ratings and recent insider share sales.

Bank of America Corp DE cut its stake in shares of IonQ, Inc. (NYSE:IONQ - Free Report) by 15.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,808,351 shares of the company's stock after selling 329,399 shares during the period. Bank of America Corp DE owned about 0.48% of IonQ worth $52,135,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. JTC Employer Solutions Trustee Ltd increased its holdings in IonQ by 62.8% in the first quarter. JTC Employer Solutions Trustee Ltd now owns 10,372 shares of the company's stock worth $299,000 after buying an additional 4,000 shares during the last quarter. Encore Global Management LP acquired a new stake in shares of IonQ in the 1st quarter valued at $577,000. EverSource Wealth Advisors LLC lifted its stake in shares of IonQ by 216.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 959 shares of the company's stock valued at $28,000 after purchasing an additional 656 shares during the last quarter. Empowered Funds LLC boosted its holdings in IonQ by 862.9% in the first quarter. Empowered Funds LLC now owns 47,280 shares of the company's stock worth $1,363,000 after purchasing an additional 42,370 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in IonQ by 104.0% in the first quarter. Quantinno Capital Management LP now owns 54,884 shares of the company's stock worth $1,582,000 after purchasing an additional 27,974 shares in the last quarter. Hedge funds and other institutional investors own 41.42% of the company's stock.

More IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Strong Q2 results and higher guidance: IonQ reported approximately $80.1 million in second-quarter revenue, up about 287% year over year and well above expectations. Management raised 2026 revenue guidance to $280 million–$290 million from $260 million–$270 million, citing growth in its Tempo system, international deployments, multiproduct sales, and higher remaining performance obligations. IonQ Stock Trades Up, Here Is Why
• Positive Sentiment: Government demand reinforces the commercial story: A $28 million DARPA contract extension will support production and delivery of optical atomic clocks for mission-critical applications. IonQ also won a National Reconnaissance Office contract through its Capella division, increasing its exposure to U.S. defense and infrastructure programs. IonQ’s DARPA and NRO Contracts
• Positive Sentiment: Competitive position appears to be strengthening: Analysts point to IonQ’s revenue growth, backlog, platform integration, and planned SkyWater acquisition as evidence that it is widening its lead over Rigetti in commercial traction. IonQ Vs. Rigetti
• Neutral Sentiment: Long-term outlook remains highly speculative: Commentary asks whether IonQ can convert “quantum is the new AI” enthusiasm into a durable, large-scale business by 2031. The opportunity is substantial, but commercialization and technical execution remain important uncertainties. Where Will IonQ Stock Be in 5 Years?
• Negative Sentiment: Losses and dilution remain risks: IonQ continues to operate at a substantial loss, with analysts expecting a full-year loss, while share issuance could reduce existing investors’ ownership and limit the benefit of strong operating growth. IonQ Demolishes Expectations

IonQ Stock Performance

Shares of NYSE:IONQ opened at $43.61 on Wednesday. The stock's 50-day moving average is $46.87 and its 200-day moving average is $43.17. The company has a market cap of $16.28 billion, a P/E ratio of -9.36 and a beta of 3.28. IonQ, Inc. has a 52-week low of $25.89 and a 52-week high of $84.64.

IonQ (NYSE:IONQ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.56) by $0.23. The business had revenue of $80.05 million during the quarter, compared to analysts' expectations of $66.47 million. IonQ had a negative return on equity of 21.75% and a negative net margin of 553.27%.The firm's revenue was up 286.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.70) EPS. As a group, equities analysts predict that IonQ, Inc. will post -2.26 EPS for the current year.

Analysts Set New Price Targets

IONQ has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on IonQ from $42.00 to $50.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. Weiss Ratings reiterated a "sell (d+)" rating on shares of IonQ in a research note on Friday. Wall Street Zen lowered IonQ from a "sell" rating to a "strong sell" rating in a report on Saturday. Jefferies Financial Group set a $75.00 target price on IonQ in a report on Thursday, August 6th. Finally, Morgan Stanley set a $49.00 price target on IonQ in a report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $69.92.

Insider Transactions at IonQ

In other news, Director Kathryn K. Chou sold 2,757 shares of the company's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $55.02, for a total transaction of $151,690.14. Following the completion of the transaction, the director owned 62,608 shares of the company's stock, valued at approximately $3,444,692.16. This represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John W. Raymond sold 3,815 shares of the company's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $55.01, for a total transaction of $209,863.15. Following the transaction, the insider directly owned 80,148 shares of the company's stock, valued at $4,408,941.48. This represents a 4.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,329 shares of company stock worth $513,216 over the last three months. 0.55% of the stock is currently owned by insiders.

IonQ Company Profile

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.

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