AudioCodes (NASDAQ:AUDC) EVP Lior Aldema Sells 2,812 Shares

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

AudioCodes Price Performance

NASDAQ:AUDC opened at $9.94 on Friday. The company has a market capitalization of $240.05 million, a P/E ratio of 38.23 and a beta of 0.96. The business has a fifty day simple moving average of $9.65 and a two-hundred day simple moving average of $8.81. AudioCodes Ltd. has a 1 year low of $6.95 and a 1 year high of $10.86.

AudioCodes (NASDAQ:AUDC) last issued its quarterly earnings results on Tuesday, August 4th. The communications equipment provider reported $0.15 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 analysts’ expectations of $62.40 million. AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS.

AudioCodes Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.20 per share. This represents a yield of 398.0%. The ex-dividend date is Wednesday, August 19th. AudioCodes’s dividend payout ratio (DPR) is currently 153.85%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 27th. Weiss Ratings upgraded shares of AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of AudioCodes in the second quarter worth $43,000. Barclays PLC increased its stake in AudioCodes by 3,621.4% in the 4th quarter. Barclays PLC now owns 7,294 shares of the communications equipment provider’s stock worth $64,000 after acquiring an additional 7,098 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of AudioCodes in the 2nd quarter valued at about $127,000. NewEdge Advisors LLC bought a new stake in shares of AudioCodes during the 4th quarter valued at about $150,000. Finally, SIH Partners LLLP bought a new position in shares of AudioCodes in the third quarter worth approximately $170,000. 68.05% of the stock is currently owned by hedge funds and other institutional investors.

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.