AudioCodes (NASDAQ:AUDC) EVP Sells $27,726.32 in Stock

AudioCodes Ltd. (NASDAQ:AUDC) EVP Lior Aldema sold 2,812 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $9.86, for a total transaction of $27,726.32. Following the completion of the sale, the executive vice president directly owned 109,689 shares in the company, valued at approximately $1,081,533.54. The trade was a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AudioCodes Stock Performance

NASDAQ AUDC opened at $9.90 on Friday. The firm has a market capitalization of $251.96 million, a P/E ratio of 38.08 and a beta of 0.96. The stock has a 50-day simple moving average of $9.65 and a two-hundred day simple moving average of $8.80. 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 earnings results 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. The firm had revenue of $62.96 million for 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. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.20 per share. This represents a dividend yield of 398.0%. The ex-dividend date of this dividend is Wednesday, August 19th. AudioCodes’s payout ratio is 153.85%.

Institutional Investors Weigh In On AudioCodes

A number of institutional investors have recently added to or reduced their stakes in AUDC. Raymond James Financial Inc. purchased a new position in AudioCodes during the second quarter valued at $43,000. Barclays PLC increased its stake in shares of AudioCodes by 3,621.4% during the fourth quarter. Barclays PLC now owns 7,294 shares of the communications equipment provider’s stock worth $64,000 after purchasing an additional 7,098 shares in the last quarter. Jump Financial LLC acquired a new position in shares of AudioCodes during the 2nd quarter worth about $127,000. NewEdge Advisors LLC purchased a new position in AudioCodes in the 4th quarter valued at about $150,000. Finally, SIH Partners LLLP purchased a new position in AudioCodes in the 3rd quarter valued at about $170,000. Institutional investors and hedge funds own 68.05% of the company’s stock.

Wall Street Analysts Forecast Growth

AUDC has been the topic of several analyst reports. Weiss Ratings upgraded shares of AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Wall Street Zen upgraded shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 27th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, AudioCodes presently has an average 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.