UNICOM Systems Inc. Takes $18.11 Million Position in IonQ, Inc. (NYSE:IONQ)

UNICOM Systems Inc. bought a new position in IonQ, Inc. (NYSE:IONQ) in the 4th quarter, Holdings Channel.com reports. The fund bought 433,471 shares of the company’s stock, valued at approximately $18,106,000. IonQ makes up 4.4% of UNICOM Systems Inc.’s holdings, making the stock its 6th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in shares of IonQ by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,420,152 shares of the company’s stock valued at $38,640,000 after purchasing an additional 199,360 shares during the last quarter. State Street Corp lifted its position in IonQ by 1.8% during the third quarter. State Street Corp now owns 4,260,880 shares of the company’s stock valued at $37,240,000 after purchasing an additional 75,596 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of IonQ by 9.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,614,034 shares of the company’s stock worth $14,107,000 after buying an additional 135,851 shares in the last quarter. FMR LLC increased its holdings in shares of IonQ by 7.2% in the 3rd quarter. FMR LLC now owns 612,625 shares of the company’s stock worth $5,354,000 after buying an additional 41,125 shares during the last quarter. Finally, Carnegie Investment Counsel purchased a new stake in shares of IonQ during the 3rd quarter valued at about $5,036,000. 41.42% of the stock is owned by institutional investors.

Insider Activity at IonQ

In other news, CEO Peter Hume Chapman sold 13,106 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $29.73, for a total value of $389,641.38. Following the completion of the sale, the chief executive officer now owns 414,363 shares in the company, valued at approximately $12,319,011.99. The trade was a 3.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Thomas G. Kramer sold 9,780 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $29.72, for a total transaction of $290,661.60. Following the transaction, the chief financial officer now owns 926,114 shares in the company, valued at approximately $27,524,108.08. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,223 shares of company stock worth $1,314,652. Company insiders own 11.60% of the company’s stock.

IonQ Price Performance

IonQ stock opened at $41.08 on Tuesday. The firm has a 50-day moving average of $39.28 and a two-hundred day moving average of $22.23. IonQ, Inc. has a 1 year low of $6.22 and a 1 year high of $54.74.

Analysts Set New Price Targets

Several research firms recently commented on IONQ. DA Davidson started coverage on IonQ in a research report on Thursday, December 19th. They issued a “buy” rating and a $50.00 price target for the company. Craig Hallum lifted their target price on IonQ from $22.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, December 20th. The Goldman Sachs Group increased their price target on IonQ from $16.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Needham & Company LLC increased their target price on shares of IonQ from $13.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Benchmark raised their target price on shares of IonQ from $12.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

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.