Taylor Frigon Capital Management LLC reduced its stake in shares of AudioCodes Ltd. (NASDAQ:AUDC - Free Report) by 10.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 355,864 shares of the communications equipment provider's stock after selling 40,047 shares during the period. AudioCodes comprises 1.8% of Taylor Frigon Capital Management LLC's investment portfolio, making the stock its 10th biggest position. Taylor Frigon Capital Management LLC owned approximately 1.18% of AudioCodes worth $3,617,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of AUDC. Assenagon Asset Management S.A. bought a new position in shares of AudioCodes during the 3rd quarter valued at approximately $1,618,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of AudioCodes by 11.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 91,287 shares of the communications equipment provider's stock valued at $893,000 after buying an additional 9,150 shares in the last quarter. Senvest Management LLC lifted its stake in shares of AudioCodes by 1.5% during the 3rd quarter. Senvest Management LLC now owns 2,580,448 shares of the communications equipment provider's stock valued at $25,108,000 after buying an additional 37,080 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of AudioCodes during the 3rd quarter valued at approximately $595,000. Finally, DGS Capital Management LLC lifted its stake in shares of AudioCodes by 72.8% during the 3rd quarter. DGS Capital Management LLC now owns 21,672 shares of the communications equipment provider's stock valued at $211,000 after buying an additional 9,133 shares in the last quarter. 68.05% of the stock is owned by institutional investors.
AudioCodes Stock Performance
NASDAQ AUDC traded up $0.10 on Friday, hitting $11.02. The stock had a trading volume of 50,022 shares, compared to its average volume of 112,942. AudioCodes Ltd. has a 52-week low of $7.70 and a 52-week high of $14.04. The company has a market capitalization of $332.99 million, a price-to-earnings ratio of 22.04 and a beta of 0.80. The firm has a 50-day moving average of $10.71 and a 200-day moving average of $9.92.
AudioCodes (NASDAQ:AUDC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. AudioCodes had a net margin of 6.32% and a return on equity of 10.47%. As a group, research analysts anticipate that AudioCodes Ltd. will post 0.7 earnings per share for the current fiscal year.
AudioCodes Dividend Announcement
The company also recently announced a semi-annual dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be paid a $0.18 dividend. This represents a yield of 3%. The ex-dividend date is Thursday, February 20th. AudioCodes's dividend payout ratio is presently 72.00%.
Analyst Upgrades and Downgrades
AUDC has been the topic of a number of recent research reports. Needham & Company LLC upped their price target on shares of AudioCodes from $11.00 to $12.50 and gave the company a "buy" rating in a research note on Wednesday, February 5th. StockNews.com upgraded shares of AudioCodes from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Finally, Barclays upped their price target on shares of AudioCodes from $9.00 to $10.00 and gave the company an "underweight" rating in a research note on Wednesday, February 5th.
Read Our Latest Report on AudioCodes
AudioCodes Company Profile
(
Free Report)
AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace worldwide. The company offers solutions, products, and services for unified communications, contact centers, hosted business services, Voice.AI, and service provider businesses. Its products include session border controllers, life cycle management solutions, VoIP network routing solutions, media gateways and servers, multi-service business routers, IP phones solutions, and value-added applications, as well as professional services.
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