Zehava Simon Sells 6,000 Shares of AudioCodes (NASDAQ:AUDC) Stock

AudioCodes Ltd. (NASDAQ:AUDC) Director Zehava Simon sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $10.03, for a total transaction of $60,180.00. Following the sale, the director owned 27,000 shares in the company, valued at $270,810. The trade was a 18.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Zehava Simon also recently made the following trade(s):

• On Tuesday, September 1st, Zehava Simon sold 27,000 shares of AudioCodes stock. The shares were sold at an average price of $9.91, for a total transaction of $267,570.00.

AudioCodes Stock Down 1.0%

Shares of AudioCodes stock opened at $9.99 on Friday. AudioCodes Ltd. has a 52-week low of $6.95 and a 52-week high of $10.86. The company has a market capitalization of $241.26 million, a P/E ratio of 38.42 and a beta of 0.98. The company has a 50 day moving average of $9.82 and a 200 day moving average of $9.07.

AudioCodes (NASDAQ:AUDC) last issued its earnings results on Tuesday, August 4th. The communications equipment provider reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $62.96 million during the quarter, compared to the consensus estimate 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 firm also recently disclosed a dividend, which was paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th were given a dividend of $0.20 per share. This represents a dividend yield of 413.0%. The ex-dividend date of this dividend was Wednesday, August 19th. AudioCodes’s dividend payout ratio is currently 153.85%.

Institutional Investors Weigh In On AudioCodes

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC grew its holdings in shares of AudioCodes by 56.0% during the first quarter. Cubist Systematic Strategies LLC now owns 19,646 shares of the communications equipment provider’s stock worth $185,000 after purchasing an additional 7,052 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in AudioCodes during the 1st quarter worth approximately $412,000. Jane Street Group LLC increased its position in AudioCodes by 14.2% during the first quarter. Jane Street Group LLC now owns 47,624 shares of the communications equipment provider’s stock worth $449,000 after buying an additional 5,938 shares during the period. JPMorgan Chase & Co. increased its position in AudioCodes by 38.3% during the second quarter. JPMorgan Chase & Co. now owns 39,306 shares of the communications equipment provider’s stock worth $386,000 after buying an additional 10,877 shares during the period. Finally, Marshall Wace LLP increased its position in AudioCodes by 12.3% during the second quarter. Marshall Wace LLP now owns 179,371 shares of the communications equipment provider’s stock worth $1,761,000 after buying an additional 19,629 shares during the period. 68.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised AudioCodes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 27th. Weiss Ratings raised AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

About AudioCodes

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.