Mitsubishi UFJ Asset Management Co. Ltd. Buys Shares of 390,866 IonQ, Inc. $IONQ

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in IonQ, Inc. (NYSE:IONQ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 390,866 shares of the company’s stock, valued at approximately $20,818,000.

Several other institutional investors and hedge funds have also modified their holdings of IONQ. Vanguard Group Inc. raised its holdings in IonQ by 18.5% in the 4th quarter. Vanguard Group Inc. now owns 34,774,743 shares of the company’s stock worth $1,560,343,000 after purchasing an additional 5,420,037 shares during the period. State Street Corp grew its holdings in IonQ by 42.3% during the fourth quarter. State Street Corp now owns 8,962,789 shares of the company’s stock valued at $402,160,000 after purchasing an additional 2,663,230 shares during the period. Geode Capital Management LLC increased its position in IonQ by 21.9% in the fourth quarter. Geode Capital Management LLC now owns 8,074,301 shares of the company’s stock worth $361,624,000 after buying an additional 1,452,463 shares in the last quarter. Norges Bank bought a new position in shares of IonQ in the fourth quarter worth about $199,753,000. Finally, Marex Group plc raised its stake in shares of IonQ by 419.1% in the fourth quarter. Marex Group plc now owns 4,083,453 shares of the company’s stock worth $183,225,000 after buying an additional 3,296,866 shares during the period. Hedge funds and other institutional investors own 41.42% of the company’s stock.

IonQ Stock Performance

Shares of NYSE:IONQ opened at $41.57 on Friday. The firm has a fifty day moving average price of $44.62 and a 200 day moving average price of $43.16. IonQ, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $84.64. The firm has a market cap of $15.84 billion, a price-to-earnings ratio of -8.92 and a beta of 3.28.

IonQ (NYSE:IONQ) last posted its earnings results on Wednesday, August 5th. The company reported ($0.33) earnings per share 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%. IonQ’s quarterly revenue was up 286.7% on a year-over-year basis. During the same period last year, the company posted ($0.70) earnings per share. As a group, research analysts predict that IonQ, Inc. will post -2.86 earnings per share for the current year.

Insider Buying and Selling at IonQ

In other news, Director Kathryn K. Chou sold 2,757 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was 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 in the company, valued at $3,444,692.16. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John W. Raymond sold 3,815 shares of IonQ stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $55.01, for a total value of $209,863.15. Following the completion of the sale, the insider directly owned 80,148 shares in the company, valued at $4,408,941.48. This trade represents a 4.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 9,329 shares of company stock valued at $513,216 in the last 90 days. Insiders own 0.55% of the company’s stock.

Key IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ’s second-quarter results exceeded expectations, with revenue of $80.05 million versus the $66.47 million analyst consensus, while revenue increased sharply year over year. The company also raised its full-year 2026 revenue guidance, supporting the growth outlook. IonQ Gains Attention After Q2 Results And New Deals As Valuation Debate Builds
• Positive Sentiment: New collaborations in the United States and Canada could expand access to IonQ’s quantum systems and advance applications in quantum research and communications. How IonQ Could Benefit From Its Latest Quantum Collaborations
• Positive Sentiment: IonQ’s Space division won a radar-imaging contract from the National Reconnaissance Office. The award highlights potential growth beyond core quantum-computing hardware, following the Capella Space and SkyWater acquisitions. IonQ’s Space Contract Points to a New Frontier for Quantum Investors
• Neutral Sentiment: Investors are increasingly differentiating among quantum companies based on revenue growth and financial strength, while also considering diversified quantum-focused ETFs as alternatives to individual stocks. Quantum Stocks Are Starting to Choose Sides
• Negative Sentiment: IonQ is being sold alongside Rigetti and D-Wave in a sector-wide quantum-stock selloff. Reports cite rising Treasury yields, cooling artificial-intelligence sentiment, and rotation away from speculative technology stocks. No fresh company-specific bad news was identified. What’s Behind the Quantum Stock Selloff?
• Negative Sentiment: Despite improving revenue, IonQ remains unprofitable and trades at a rich valuation, leaving the stock particularly sensitive to higher interest rates and shifts in risk appetite.

Analyst Ratings Changes

A number of brokerages recently issued reports on IONQ. Needham & Company LLC reiterated a “buy” rating and set a $65.00 price objective on shares of IonQ in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised their target price on shares of IonQ from $42.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Jefferies Financial Group set a $75.00 price target on shares of IonQ in a research report on Thursday, August 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $70.00 price objective on shares of IonQ in a research note on Thursday, August 6th. Finally, Benchmark restated a “buy” rating and set a $60.00 price objective on shares of IonQ in a research report on Thursday, August 6th. Nine 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. According to data from MarketBeat, IonQ presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.92.

IonQ 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.