AudioCodes (NASDAQ:AUDC) Stock Price Breaks Above 200-Day Moving Average – Here’s What Happened

AudioCodes Ltd. (NASDAQ:AUDC)’s stock price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $9.38 and traded as high as $10.73. AudioCodes shares last traded at $10.55, with a volume of 157,007 shares trading hands.

Wall Street Analyst Weigh In

AUDC has been the subject of several research reports. Wall Street Zen raised shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 27th. Weiss Ratings raised AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, AudioCodes has an average rating of “Hold”.

AudioCodes Price Performance

The stock’s fifty day moving average price is $9.94 and its 200 day moving average price is $9.40. The stock has a market capitalization of $259.50 million, a P/E ratio of 41.29 and a beta of 0.98.

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

AudioCodes Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a dividend yield of 413.0%. AudioCodes’s payout ratio is 153.85%.

Insider Activity

In other news, Director Zehava Simon sold 27,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $9.91, for a total transaction of $267,570.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction, the executive vice president owned 104,065 shares in the company, valued at approximately $1,038,568.70. This trade represents a 2.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 42,374 shares of company stock worth $420,928 over the last ninety days. 48.80% of the stock is owned by insiders.

Institutional Trading of AudioCodes

Several hedge funds have recently made changes to their positions in the company. Heartland Advisors Inc. lifted its holdings in shares of AudioCodes by 15.8% in 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 during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in AudioCodes by 12.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 740,560 shares of the communications equipment provider’s stock worth $6,209,000 after acquiring an additional 82,016 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of AudioCodes during the first quarter worth $1,238,000. Bank of New York Mellon Corp boosted its position 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 worth $718,000 after acquiring an additional 7,019 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in AudioCodes in the second quarter valued at approximately $592,000. Hedge funds and other institutional investors own 68.05% of the company’s stock.

AudioCodes Company Profile

AudioCodes Ltd. (NASDAQ: AUDC) is an Israel-based provider of advanced voice and communications software, products, and services. The company helps businesses and service providers deploy and manage voice communications across enterprise, cloud, and hybrid environments.

Its product portfolio includes session border controllers, media gateways, business phones, voice-quality monitoring and management tools, and solutions for unified communications and contact centers. AudioCodes also provides products and services designed to support Microsoft Teams voice deployments, including direct routing, integration, migration, and managed services.