Mitsubishi UFJ Asset Management Co. Ltd. Buys New Shares in AEye, Inc. $LIDR

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of AEye, Inc. (NASDAQ:LIDR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 793,740 shares of the company’s stock, valued at approximately $1,460,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 1.76% of AEye as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LIDR. Squarepoint Ops LLC acquired a new position in shares of AEye during the 3rd quarter valued at $33,000. Two Sigma Investments LP acquired a new position in AEye during the 3rd quarter worth approximately $95,000. Geode Capital Management LLC raised its stake in AEye by 6.8% during the 2nd 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 period. Bogart Wealth LLC acquired a new position in AEye during the 4th quarter worth approximately $166,000. Finally, UBS Group AG raised its stake in AEye by 657.5% during the 3rd 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 period. Institutional investors and hedge funds own 21.58% of the company’s stock.

AEye Price Performance

Shares of LIDR stock opened at $2.13 on Tuesday. The firm has a 50-day moving average of $1.83 and a 200-day moving average of $2.04. The company has a market cap of $96.60 million, a P/E ratio of -1.51 and a beta of 2.80. AEye, Inc. has a one year low of $0.58 and a one year high of $6.44.

AEye (NASDAQ:LIDR) last announced its earnings results on Monday, March 16th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.01. The company 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%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LIDR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AEye in a research note 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 on the stock. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, AEye has an average rating of “Hold” and an average target price of $4.75.

About AEye

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.