AudioCodes (NASDAQ:AUDC) EVP Sells $28,063.76 in Stock

AudioCodes Ltd. (NASDAQ:AUDC) EVP Lior Aldema sold 2,812 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $9.98, for a total value of $28,063.76. Following the completion of the sale, the executive vice president directly owned 104,065 shares of the company’s stock, valued at $1,038,568.70. The trade was a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lior Aldema also recently made the following trade(s):

• On Wednesday, August 5th, Lior Aldema sold 2,812 shares of AudioCodes stock. The shares were sold at an average price of $9.86, for a total value of $27,726.32.

AudioCodes Stock Performance

NASDAQ:AUDC opened at $10.00 on Tuesday. The firm has a market capitalization of $241.50 million, a PE ratio of 38.46 and a beta of 0.96. The stock’s fifty day moving average is $9.64 and its 200 day moving average is $8.82. AudioCodes Ltd. has a fifty-two week low of $6.95 and a fifty-two week high of $10.86.

AudioCodes (NASDAQ:AUDC) last posted its quarterly earnings data on Tuesday, August 4th. The communications equipment provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. AudioCodes had a net margin of 2.83% and a return on equity of 6.79%. The company had revenue of $62.96 million during the quarter, compared to analyst estimates of $62.40 million. AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS.

AudioCodes Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, August 19th. This represents a yield of 398.0%. AudioCodes’s payout ratio is presently 153.85%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Weiss Ratings upgraded AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Wall Street Zen raised shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 27th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Institutional Investors Weigh In On AudioCodes

Several hedge funds have recently made changes to their positions in AUDC. Heartland Advisors Inc. grew its holdings in AudioCodes by 15.8% during the 1st quarter. Heartland Advisors Inc. now owns 965,734 shares of the communications equipment provider’s stock worth $8,122,000 after acquiring an additional 131,934 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of AudioCodes in the 1st quarter valued at about $1,238,000. Arrowstreet Capital Limited Partnership lifted its position in shares of AudioCodes by 12.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 740,560 shares of the communications equipment provider’s stock worth $6,209,000 after purchasing an additional 82,016 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of AudioCodes by 9.0% during the first quarter. Bank of New York Mellon Corp now owns 85,398 shares of the communications equipment provider’s stock valued at $718,000 after purchasing an additional 7,019 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of AudioCodes during the second quarter valued at approximately $43,000. 68.05% of the stock is currently owned by hedge funds and other institutional investors.

AudioCodes Company Profile

AudioCodes Ltd is a global provider of advanced voice networking and media processing solutions for enterprises and service providers. The company designs and manufactures a comprehensive portfolio of products, including session border controllers (SBCs), media gateways, IP phones, management and monitoring software, and cloud-based communications microservices. Its offerings support a wide range of unified communications (UC) and contact center deployments, enabling secure, high-quality voice connectivity across on-premises, hybrid and cloud environments.

Founded in 1993 and headquartered in Rosh Ha’Ayin, Israel, AudioCodes serves customers in North America, Europe, Asia-Pacific and Latin America.