13,747 shares in AudioCodes Ltd. (NASDAQ:AUDC) acquired by XTX Topco Ltd.

XTX Topco Ltd acquired a new stake in AudioCodes Ltd. (NASDAQ:AUDC – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,747 shares of the communications equipment provider’s stock, valued at approximately $143,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AUDC. YD More Investments Ltd acquired a new stake in shares of AudioCodes in the second quarter valued at $1,123,000. Taylor Frigon Capital Management LLC boosted its holdings in AudioCodes by 85.3% in the second quarter. Taylor Frigon Capital Management LLC now owns 441,878 shares of the communications equipment provider’s stock valued at $4,587,000 after purchasing an additional 203,399 shares in the last quarter. ARK Investment Management LLC grew its position in AudioCodes by 9.5% in the second quarter. ARK Investment Management LLC now owns 202,182 shares of the communications equipment provider’s stock valued at $2,099,000 after buying an additional 17,589 shares during the period. Bank of New York Mellon Corp boosted its position in AudioCodes by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 53,105 shares of the communications equipment provider’s stock valued at $551,000 after purchasing an additional 5,389 shares during the period. Finally, Tidal Investments LLC acquired a new position in shares of AudioCodes in the 1st quarter worth about $340,000. 68.05% of shares are owned by institutional investors and hedge funds.

AudioCodes price performance

NASDAQ:AUDC opened at $9.73 on Tuesday. The firm has a 50 day moving average of $10.29 and a two hundred day moving average of $10.71. The stock has a market cap of $295.05 million, a P/E ratio of 27.14 and a beta of 0.87. AudioCodes Ltd. has a 1 year low of $7.14 and a 1 year high of $14.45.

AudioCodes (NASDAQ:AUDC – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 30th. The communications equipment provider reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. AudioCodes had a return on equity of 10.42% and a net margin of 5.61%. The firm had revenue of $60.30 million during the quarter, compared to the consensus estimate of $59.93 million. As a group, equities analysts expect that AudioCodes Ltd. will post 0.67 earnings per share for the current year.

AudioCodes Dividend Announcement

The company also recently declared a semiannual dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.18 dividend. The ex-dividend date was Thursday, August 15. This represents a dividend yield of 3.3%. AudioCodes’s dividend payout ratio (DPR) is currently 100.00%.

Analysts set new price targets

AUDC has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $14.00 target price on shares of AudioCodes in a research note on Wednesday, July 31st. StockNews.com raised shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 11th.

Check out 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 provides solutions, products and services for unified communications, contact centers, hosted business services, Voice.AI and service provider companies. Its products include session border controllers, lifecycle management solutions, VoIP network routing solutions, gateways and media servers, multi-service business routers, IP telephony solutions and value-added applications, as well as professional services.

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