AudioCodes (NASDAQ:AUDC) Shares Cross Above 200 Day Moving Average – Should You Sell?

AudioCodes Ltd. (NASDAQ:AUDC)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.15 and traded as high as $10.07. AudioCodes shares last traded at $9.73, with a volume of 58,363 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AUDC shares. Weiss Ratings upgraded shares of 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 report on Saturday, June 27th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

AudioCodes Price Performance

The company has a market capitalization of $232.08 million, a price-to-earnings ratio of 36.96 and a beta of 0.98. The business has a fifty day moving average price of $9.84 and a 200 day moving average price of $9.16.

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

AudioCodes Announces Dividend

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

Insider Activity

In other AudioCodes news, Director Zehava Simon sold 27,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $9.91, for a total value of $267,570.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was 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 owned 104,065 shares of the company’s stock, valued at $1,038,568.70. This represents a 2.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 42,374 shares of company stock worth $420,928 over the last 90 days. Corporate insiders own 48.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AUDC. Heartland Advisors Inc. increased its holdings 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. Arrowstreet Capital Limited Partnership lifted its holdings 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 worth $6,209,000 after acquiring an additional 82,016 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of AudioCodes by 16.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 313,151 shares of the communications equipment provider’s stock valued at $2,734,000 after acquiring an additional 44,073 shares in the last quarter. Millennium Management LLC boosted its position in shares of AudioCodes by 101.6% during the 4th quarter. Millennium Management LLC now owns 284,951 shares of the communications equipment provider’s stock valued at $2,488,000 after acquiring an additional 143,632 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in AudioCodes by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 262,824 shares of the communications equipment provider’s stock worth $2,295,000 after purchasing an additional 10,056 shares in the last quarter. 68.05% of the stock is owned by institutional investors.

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.