AudioCodes Ltd. (NASDAQ:AUDC – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.98 and traded as high as $10.32. AudioCodes shares last traded at $10.22, with a volume of 121,592 shares traded.
Wall Street Analysts Forecast Growth
AUDC has been the subject of a number of recent analyst reports. Wall Street Zen upgraded AudioCodes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 27th. Weiss Ratings raised AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, AudioCodes presently has a consensus rating of “Hold”.
Read Our Latest Report on AUDC
AudioCodes Price Performance
AudioCodes (NASDAQ:AUDC – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The communications equipment provider reported $0.15 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $62.40 million. AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS.
AudioCodes Announces Dividend
The business also recently declared a dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.20 per share. This represents a dividend yield of 413.0%. The ex-dividend date is Wednesday, August 19th. AudioCodes’s dividend payout ratio is presently 153.85%.
Insider Activity
In related news, 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 sale, the executive vice president owned 104,065 shares of the company’s stock, valued at approximately $1,038,568.70. This trade represents a 2.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 9,374 shares of company stock valued at $93,178. Company insiders own 48.80% of the company’s stock.
Institutional Trading of AudioCodes
Large investors have recently modified their holdings of the company. Heartland Advisors Inc. boosted its stake in AudioCodes by 15.8% during the 1st quarter. Heartland Advisors Inc. now owns 965,734 shares of the communications equipment provider’s stock valued at $8,122,000 after purchasing an additional 131,934 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of AudioCodes by 12.5% during 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. Goldman Sachs Group Inc. raised its holdings in shares of AudioCodes by 16.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 313,151 shares of the communications equipment provider’s stock valued at $2,734,000 after buying an additional 44,073 shares during the last quarter. Millennium Management LLC boosted its position 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 during the period. Finally, Dimensional Fund Advisors LP grew its holdings in AudioCodes by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 262,824 shares of the communications equipment provider’s stock worth $2,295,000 after buying an additional 10,056 shares in the last quarter. Institutional investors and hedge funds own 68.05% of the company’s stock.
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.
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