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

AudioCodes Ltd. (NASDAQ:AUDC) EVP Lior Aldema sold 2,812 shares of AudioCodes stock in a transaction on Monday, August 10th. The stock was sold at an average price of $9.98, for a total value of $28,063.76. Following the completion of the transaction, the executive vice president owned 104,065 shares in the company, valued at $1,038,568.70. The trade was a 2.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 stock was sold at an average price of $9.86, for a total value of $27,726.32.

AudioCodes Stock Up 1.6%

Shares of AudioCodes stock opened at $10.27 on Friday. AudioCodes Ltd. has a 12-month low of $6.95 and a 12-month high of $10.86. The firm has a market capitalization of $248.02 million, a PE ratio of 39.50 and a beta of 0.96. The stock’s fifty day moving average is $9.64 and its 200-day moving average is $8.86.

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

AudioCodes Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th will be issued a $0.20 dividend. This represents a dividend yield of 398.0%. The ex-dividend date is Wednesday, August 19th. AudioCodes’s dividend payout ratio (DPR) is presently 153.85%.

Institutional Investors Weigh In On AudioCodes

A number of institutional investors have recently bought and sold shares of AUDC. Heartland Advisors Inc. increased its stake in AudioCodes by 15.8% in the 1st quarter. Heartland Advisors Inc. now owns 965,734 shares of the communications equipment provider’s stock valued at $8,122,000 after buying an additional 131,934 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of AudioCodes during the 1st quarter valued at $1,238,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of AudioCodes by 12.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 740,560 shares of the communications equipment provider’s stock valued at $6,209,000 after buying an additional 82,016 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of AudioCodes by 9.0% during the 1st quarter. Bank of New York Mellon Corp now owns 85,398 shares of the communications equipment provider’s stock valued at $718,000 after acquiring an additional 7,019 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of AudioCodes during the 2nd quarter valued at $43,000. 68.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on AUDC. Weiss Ratings upgraded shares of AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a report 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 research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

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.