Harman International Industries Inc Could Rise a Lot According to The Today’s Call Option Activity

 Harman International Industries Inc Could Rise a Lot According to The Today's Call Option Activity

In today’s session Harman International Industries Inc (HAR) registered an unusually high (381) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious HAR increase. With 381 contracts traded and 89764 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: HAR170120C00110000 closed last at: $0.6 or 29.4% down. About 297,196 shares traded hands. Harman International Industries Inc (NYSE:HAR) has risen 23.12% since April 27, 2016 and is uptrending. It has outperformed by 17.89% the S&P500.

Analysts await Harman International Industries Inc (NYSE:HAR) to report earnings on January, 26. They expect $1.87 EPS, up 1.63% or $0.03 from last year’s $1.84 per share. HAR’s profit will be $130.28M for 14.64 P/E if the $1.87 EPS becomes a reality. After $1.87 actual EPS reported by Harman International Industries Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Harman International Industries Inc (NYSE:HAR) Ratings Coverage

Out of 15 analysts covering Harman (NYSE:HAR), 5 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 33% are positive. $150 is the highest target while $84 is the lowest. The $106.92 average target is -2.37% below today’s ($109.52) stock price. Harman has been the topic of 32 analyst reports since August 5, 2015 according to StockzIntelligence Inc. On Tuesday, June 14 the stock rating was initiated by Northcoast with “Buy”. The stock of Harman International Industries Inc (NYSE:HAR) has “Underperform” rating given on Wednesday, October 7 by Jefferies. The stock of Harman International Industries Inc (NYSE:HAR) has “Overweight” rating given on Monday, January 25 by Barclays Capital. As per Wednesday, July 20, the company rating was initiated by Deutsche Bank. RBC Capital Markets maintained it with “Outperform” rating and $125 target price in Wednesday, August 5 report. Pacific Crest downgraded Harman International Industries Inc (NYSE:HAR) on Friday, July 22 to “Sector Weight” rating. The firm has “Buy” rating by Goldman Sachs given on Thursday, March 31. The stock has “Sell” rating given by Zacks on Monday, August 10. As per Monday, March 14, the company rating was upgraded by Evercore. The firm has “Mkt Perform” rating given on Friday, January 29 by FBR Capital.

According to Zacks Investment Research, “Harman International Industries, Incorporated is engaged in the developing, manufacturing and marketing of audio products and electronic systems. It offers infotainment systems for vehicle applications; automotive audio systems for vehicle applications; mid-to high-end loudspeaker and electronics for home, multimedia, and mobile applications; home audio and theater systems, and distributed systems for home applications, transducers and built-in speakers for notebook computers; audio systems for personal computers; and aftermarket mobile products. Harman International Industries, Incorporated is headquartered in Stamford, Connecticut.”

Insitutional Activity: The institutional sentiment is 1.11 in Q2 2016. Its the same as in 2016Q1. The ratio is without change, as 60 funds sold all Harman International Industries Inc shares owned while 126 reduced positions. only 69 funds bought stakes while 138 increased positions. They now own 65.11 million shares or 5.26% less from 68.73 million shares in 2016Q1.
Da Davidson & accumulated 6,240 shares or 0.01% of the stock. Blackrock Institutional Tru Na has 0.02% invested in the company for 1.98 million shares. Hartford Inv Mgmt reported 16,788 shares or 0.03% of all its holdings. Apg Asset Mgmt Nv accumulated 124,578 shares or 0.02% of the stock. Blackrock Group Limited last reported 0.02% of its portfolio in the stock. Proshare Limited Liability holds 0.01% of its portfolio in Harman International Industries Inc (NYSE:HAR) for 10,354 shares. Bankshares Of Mellon Corporation last reported 0.01% of its portfolio in the stock. Toronto Dominion State Bank reported 391 shares or 0% of all its holdings. Amalgamated Bank & Trust holds 0.05% or 10,950 shares in its portfolio. Stanley Capital Mgmt Ltd Co has invested 1.95% of its portfolio in Harman International Industries Inc (NYSE:HAR). Tru Com Of Vermont accumulated 231 shares or 0% of the stock. Huntington National Bank & Trust holds 0% of its portfolio in Harman International Industries Inc (NYSE:HAR) for 50 shares. Macquarie Grp Limited last reported 0% of its portfolio in the stock. Waddell Reed Inc has 0.21% invested in the company for 1.39M shares. State Of Tennessee Treasury Department accumulated 0.03% or 83,243 shares.

Insider Transactions: Since August 11, 2016, the stock had 0 insider purchases, and 4 selling transactions for $1.62 million net activity. $425,673 worth of Harman International Industries Inc (NYSE:HAR) was sold by Parker Herbert K. Another trade for 886 shares valued at $72,852 was made by Mauser Michael on Thursday, September 15. Another trade for 1,912 shares valued at $210,320 was made by Santana Ralph on Monday, November 14.

Harman International Industries, Incorporated is engaged in the designing and engineering of connected products and solutions for automakers, clients and enterprises, including connected car systems, audio and visual products, enterprise automation solutions and connected services. The company has a market cap of $7.63 billion. The Company’s divisions include Connected Car, Lifestyle Audio, Professional Solutions, Connected Services and Other. It has a 20.97 P/E ratio. The Connected Car segment designs, makes and markets connected car systems for vehicle applications.

HAR Company Profile

Harman International Industries, Incorporated, incorporated on January 31, 1980, is engaged in the designing and engineering of connected products and solutions for automakers, clients and enterprises, including connected car systems, audio and visual products, enterprise automation solutions and connected services. The Company’s divisions include Connected Car, Lifestyle Audio, Professional Solutions, Connected Services and Other. The Company’s brands include AKG, AMX, Crown, Harman/Kardon, Infinity, JBL, JBL Professional, Lexicon, Mark Levinson, Martin, Revel, Soundcraft and Studer. The Company’s software solutions power mobile devices and systems that are designed to be connected, integrated, personalized and adaptive across all platforms, from work and home, to car and mobile.

More recent Harman International Industries Inc (NYSE:HAR) news were published by: Nytimes.com which released: “Samsung to Buy Harman International in an $8 Billion Bet on Cars” on November 14, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Evertec, Icahn Enterprises and Harman International …” on November 07, 2016. Prnewswire.com‘s news article titled: “HARMAN (HAR) ALET: Johnson & Weaver, LLP Launches an Investigation into the …” with publication date: November 14, 2016 was also an interesting one.

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