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

AudioCodes Ltd. (NASDAQ:AUDC) Director Zehava Simon sold 6,000 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $10.03, for a total value of $60,180.00. Following the sale, the director owned 27,000 shares in the company, valued at $270,810. The trade was a 18.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

AUDC stock traded up $0.03 during mid-day trading on Wednesday, reaching $10.02. The company had a trading volume of 24,320 shares, compared to its average volume of 123,452. The company has a market capitalization of $242.01 million, a price-to-earnings ratio of 38.59 and a beta of 0.98. AudioCodes Ltd. has a 52 week low of $6.95 and a 52 week high of $10.86. The stock has a 50 day simple moving average of $9.78 and a two-hundred day simple moving average of $9.03.

AudioCodes (NASDAQ:AUDC) last announced its quarterly earnings data 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. The company had revenue of $62.96 million for the quarter, compared to analysts’ expectations 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 Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, September 3rd. Investors 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 is Wednesday, August 19th. AudioCodes’s payout ratio is presently 153.85%.

Institutional Investors Weigh In On AudioCodes

A number of large investors have recently added to or reduced their stakes in AUDC. Heartland Advisors Inc. lifted its holdings in AudioCodes by 15.8% during the 1st quarter. Heartland Advisors Inc. now owns 965,734 shares of the communications equipment provider’s stock worth $8,122,000 after purchasing an additional 131,934 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in AudioCodes in the 1st quarter valued at $1,238,000. Arrowstreet Capital Limited Partnership grew its holdings in AudioCodes by 12.5% in the 1st 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 in the last quarter. Bank of America Corp DE increased its position in AudioCodes by 186.0% during the 3rd quarter. Bank of America Corp DE now owns 57,727 shares of the communications equipment provider’s stock worth $550,000 after buying an additional 37,542 shares during the period. Finally, Engineers Gate Manager LP increased its position in AudioCodes by 29.4% during the 4th quarter. Engineers Gate Manager LP now owns 26,871 shares of the communications equipment provider’s stock worth $235,000 after buying an additional 6,098 shares during the period. Institutional investors own 68.05% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on AUDC shares. Weiss Ratings raised shares of AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. Wall Street Zen raised shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 27th. Two research analysts have rated the stock with a Hold rating, Based on data from 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.