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

AudioCodes Ltd. (NASDAQ:AUDC) EVP Lior Aldema sold 2,812 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $9.98, for a total transaction of $28,063.76. Following the completion of the sale, the executive vice president owned 104,065 shares in the company, valued at $1,038,568.70. This represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lior Aldema also recently made the following trade(s):

• On Wednesday, August 5th, Lior Aldema sold 2,812 shares of AudioCodes stock. The stock was sold at an average price of $9.86, for a total transaction of $27,726.32.

AudioCodes Stock Performance

Shares of NASDAQ:AUDC opened at $10.11 on Thursday. AudioCodes Ltd. has a 52 week low of $6.95 and a 52 week high of $10.86. The company has a market capitalization of $244.16 million, a PE ratio of 38.89 and a beta of 0.96. The company has a 50 day moving average price of $9.64 and a two-hundred day moving average price of $8.85.

AudioCodes (NASDAQ:AUDC) last announced its quarterly earnings results on Tuesday, August 4th. The communications equipment provider reported $0.15 earnings per share 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 company 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 paid a $0.20 dividend. This represents a yield of 398.0%. The ex-dividend date of this dividend is Wednesday, August 19th. AudioCodes’s payout ratio is presently 153.85%.

Institutional Investors Weigh In On AudioCodes

Hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its position in shares of AudioCodes by 49.5% in the first quarter. NewEdge Advisors LLC now owns 25,607 shares of the communications equipment provider’s stock worth $215,000 after purchasing an additional 8,475 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in 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 purchasing an additional 82,016 shares in the last quarter. Heartland Advisors Inc. grew its position in AudioCodes by 15.8% in the first 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 in the last quarter. Bank of New York Mellon Corp increased its stake in AudioCodes by 9.0% in the 1st quarter. Bank of New York Mellon Corp now owns 85,398 shares of the communications equipment provider’s stock valued at $718,000 after buying an additional 7,019 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in AudioCodes in the 1st quarter valued at $1,238,000. Institutional investors and hedge funds own 68.05% of the company’s stock.

Analyst Upgrades and Downgrades

AUDC has been the subject of a number of research reports. Weiss Ratings raised 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 note on Saturday, June 27th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, AudioCodes presently has an average rating of “Hold”.

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.