Mitsubishi UFJ Asset Management Co. Ltd. Purchases New Holdings in AEye, Inc. $LIDR

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of AEye, Inc. (NASDAQ:LIDR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 793,740 shares of the company’s stock, valued at approximately $1,460,000.

A number of other institutional investors and hedge funds also recently modified their holdings of LIDR. Squarepoint Ops LLC purchased a new stake in shares of AEye during the third quarter valued at approximately $33,000. Two Sigma Investments LP purchased a new stake in AEye during the third quarter worth about $95,000. Geode Capital Management LLC increased its holdings in AEye by 6.8% during the second quarter. Geode Capital Management LLC now owns 108,323 shares of the company’s stock worth $112,000 after buying an additional 6,873 shares during the last quarter. Bogart Wealth LLC purchased a new stake in AEye during the fourth quarter worth about $166,000. Finally, UBS Group AG increased its holdings in AEye by 657.5% during the third quarter. UBS Group AG now owns 307,696 shares of the company’s stock worth $766,000 after buying an additional 267,075 shares during the last quarter. 21.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LIDR has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of AEye in a report on Friday, March 27th. Craig Hallum initiated coverage on shares of AEye in a report on Friday, April 24th. They set a “buy” rating and a $3.50 price objective for the company. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.75.

AEye Stock Up 7.0%

LIDR opened at $2.13 on Tuesday. The company has a market capitalization of $96.60 million, a price-to-earnings ratio of -1.51 and a beta of 2.80. The firm has a 50-day moving average price of $1.83 and a 200-day moving average price of $2.04. AEye, Inc. has a twelve month low of $0.58 and a twelve month high of $6.44.

AEye (NASDAQ:LIDR) last posted its earnings results on Monday, March 16th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.01. The firm had revenue of $0.10 million during the quarter, compared to the consensus estimate of $0.08 million. AEye had a negative net margin of 14,574.25% and a negative return on equity of 64.69%.

AEye Profile

AEye, Inc is a technology company specializing in adaptive LiDAR (Light Detection and Ranging) systems designed to support advanced driver assistance systems (ADAS), autonomous vehicles and other sensing applications. Through its intelligent detection and ranging (iDAR) platform, AEye integrates high-performance sensors with real-time data processing software to deliver customizable sensing ‘pipelines’ that prioritize relevant objects and environmental features. This approach enables longer detection ranges, higher resolution imagery and dynamic field-of-view adjustment, making AEye’s offerings well suited for complex driving environments and safety-critical scenarios.

The company’s core product suite centers on solid-state and hybrid LiDAR sensors that can be configured for a variety of end uses, including passenger vehicles, commercial trucks, robotics, mapping and defense.