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

AudioCodes Ltd. (NASDAQ:AUDC) Director Zehava Simon sold 6,000 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $10.03, for a total transaction of $60,180.00. Following the sale, the director directly owned 27,000 shares in the company, valued at $270,810. This trade represents a 18.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 value of $267,570.00.

AudioCodes Price Performance

AudioCodes stock opened at $10.09 on Thursday. The stock has a market capitalization of $243.70 million, a PE ratio of 38.81 and a beta of 0.98. AudioCodes Ltd. has a 12 month low of $6.95 and a 12 month high of $10.86. The business has a 50 day simple moving average of $9.80 and a 200-day simple moving average of $9.05.

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, beating analysts’ consensus estimates of $0.14 by $0.01. AudioCodes had a return on equity of 6.79% and a net margin of 2.83%.The firm 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 Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.20 per share. This represents a yield of 413.0%. The ex-dividend date of this dividend is Wednesday, August 19th. AudioCodes’s dividend payout ratio (DPR) is presently 153.85%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AUDC. Assenagon Asset Management S.A. purchased a new position in AudioCodes in the 1st quarter valued at $1,238,000. Millennium Management LLC grew its holdings in shares of AudioCodes by 101.6% during the fourth quarter. Millennium Management LLC now owns 284,951 shares of the communications equipment provider’s stock worth $2,488,000 after buying an additional 143,632 shares in the last quarter. Heartland Advisors Inc. grew its holdings in shares of AudioCodes by 15.8% during the first quarter. Heartland Advisors Inc. now owns 965,734 shares of the communications equipment provider’s stock worth $8,122,000 after buying an additional 131,934 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of AudioCodes by 12.5% in the first 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 last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in AudioCodes during the second quarter worth about $592,000. 68.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AUDC has been the topic of several research analyst reports. Wall Street Zen upgraded shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 27th. Weiss Ratings raised shares of AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, 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.