Fifth Third Bancorp Boosts Stock Position in IonQ, Inc. $IONQ

Fifth Third Bancorp lifted its stake in IonQ, Inc. (NYSE:IONQ) by 22,498.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 27,796 shares of the company’s stock after purchasing an additional 27,673 shares during the period. Fifth Third Bancorp’s holdings in IonQ were worth $801,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Swedbank AB acquired a new stake in IonQ during the fourth quarter worth about $2,708,000. Jefferies Financial Group Inc. acquired a new position in IonQ in the 4th quarter valued at about $3,271,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of IonQ by 96.5% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 125,556 shares of the company’s stock valued at $3,620,000 after buying an additional 61,656 shares during the period. ProShare Advisors LLC grew its stake in shares of IonQ by 30.3% in the 4th quarter. ProShare Advisors LLC now owns 62,184 shares of the company’s stock valued at $2,790,000 after buying an additional 14,465 shares during the period. Finally, Forsta AP Fonden acquired a new stake in shares of IonQ during the 4th quarter worth approximately $5,488,000. Hedge funds and other institutional investors own 41.42% of the company’s stock.

IonQ Trading Up 9.5%

IONQ stock opened at $35.96 on Tuesday. The business’s fifty day moving average price is $52.28 and its 200 day moving average price is $44.01. IonQ, Inc. has a 12-month low of $25.89 and a 12-month high of $84.64. The company has a market capitalization of $13.42 billion, a PE ratio of -128.41 and a beta of 3.23.

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

Insider Buying and Selling at IonQ

In related news, insider Robert T. Cardillo sold 3,773 shares of IonQ stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $49.90, for a total value of $188,272.70. Following the completion of the transaction, the insider owned 139,967 shares in the company, valued at approximately $6,984,353.30. The trade was a 2.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gabrielle B. Toledano sold 2,757 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $55.01, for a total transaction of $151,662.57. Following the sale, the director directly owned 11,154 shares in the company, valued at approximately $613,581.54. The trade was a 19.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 13,102 shares of company stock worth $701,489 over the last ninety days. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IONQ. Jefferies Financial Group set a $85.00 price target on shares of IonQ in a research report on Thursday, May 7th. Rosenblatt Securities reissued a “buy” rating and set a $100.00 target price on shares of IonQ in a research note on Thursday, June 11th. Benchmark initiated coverage on IonQ in a research report on Monday. They issued a “buy” rating and a $60.00 target price on the stock. Morgan Stanley set a $48.50 price target on IonQ in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded IonQ from a “strong sell” rating to a “sell” rating in a report on Saturday. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.46.

Key IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Benchmark reinstated coverage with a positive view. Analyst Gary Mobley highlighted IonQ’s full-stack platform across quantum computing, networking, sensing, and security, as well as sales of its 256-qubit system in more than 30 countries. Benchmark expects the quantum-computing industry to generate approximately $1.5 billion in revenue during 2026, potentially supporting a sector-wide re-rating. Benchmark’s Quantum Re-Rating Might Change The Case For Investing In IonQ
• Positive Sentiment: Industry momentum lifted IonQ alongside other quantum stocks. D-Wave’s expanded agreement with AT&T to deploy quantum systems in network operations provided evidence of real-world enterprise adoption and helped lift IonQ and other sector peers by association. D-Wave Quantum Rises on Expanded AT&T Deal
• Positive Sentiment: IonQ’s commercial performance compares favorably with rivals. A recent comparison cited IonQ’s $64.7 million first-quarter revenue, up roughly 755% year over year, and reported 99.99% two-qubit gate fidelity. Those figures reinforce the company’s positioning as one of the leading pure-play quantum businesses. IonQ vs. Rigetti: Who’s Winning the Quantum Race?
• Neutral Sentiment: Media coverage and new analyst attention are increasing visibility around IonQ, but the company still operates in an early-stage, research-heavy market. Investors should expect substantial execution risk as quantum applications develop. Inside IonQ
• Negative Sentiment: Some coverage argues that larger artificial-intelligence companies may offer a better way to gain quantum exposure, highlighting competition for investor capital. IonQ also remains loss-making, making its premium valuation particularly sensitive to delays in revenue growth or technological progress. An Alternative Quantum Computing Opportunity

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.