Adams Asset Advisors LLC cut its position in Intel Co. (NASDAQ:INTC) by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 187,972 shares of the chip maker’s stock after selling 55,153 shares during the period. Intel comprises 1.2% of Adams Asset Advisors LLC’s investment portfolio, making the stock its 8th largest position. Adams Asset Advisors LLC’s holdings in Intel were worth $6,475,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners bought a new position in shares of Intel during the fourth quarter worth approximately $26,000. Pennsylvania Trust Company boosted its position in shares of Intel by 1.6% in the fourth quarter. Pennsylvania Trust Company now owns 264,520 shares of the chip maker’s stock worth $9,113,000 after buying an additional 4,123 shares during the period. Pensionfund Sabic boosted its position in shares of Intel by 25.6% in the fourth quarter. Pensionfund Sabic now owns 113,000 shares of the chip maker’s stock worth $3,893,000 after buying an additional 23,000 shares during the period. Perkins Coie Trust Company boosted its position in shares of Intel by 0.3% in the fourth quarter. Perkins Coie Trust Company now owns 60,957 shares of the chip maker’s stock worth $2,100,000 after buying an additional 191 shares during the period. Finally, Pensionfund DSM Netherlands boosted its position in shares of Intel by 15.2% in the fourth quarter. Pensionfund DSM Netherlands now owns 227,100 shares of the chip maker’s stock worth $7,824,000 after buying an additional 30,000 shares during the period.

Shares of Intel Co. (NASDAQ:INTC) opened at 31.02 on Friday. The firm has a market capitalization of $146.48 billion and a PE ratio of 13.31. The firm has a 50-day moving average price of $32.71 and a 200-day moving average price of $31.43. Intel Co. has a 1-year low of $24.87 and a 1-year high of $35.59.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 14th. The chip maker reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.11. The business earned $14.90 billion during the quarter, compared to analyst estimates of $14.80 billion. The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 earnings per share. On average, analysts forecast that Intel Co. will post $2.44 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 1st. Shareholders of record on Sunday, February 7th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, February 3rd. This represents a $1.04 annualized dividend and a yield of 3.35%. This is a boost from Intel’s previous quarterly dividend of $0.24.

A number of equities analysts have recently commented on the company. Needham & Company LLC lifted their target price on Intel from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, December 30th. Citigroup Inc. reissued a “hold” rating on shares of Intel in a research note on Wednesday, December 16th. Deutsche Bank reissued a “buy” rating and set a $38.00 price target (up from $37.00) on shares of Intel in a research note on Monday, December 28th. Tigress Financial lowered Intel from a “buy” rating to a “neutral” rating in a research note on Monday, October 26th. Finally, Vetr lowered Intel from a “hold” rating to a “sell” rating and set a $33.04 price target for the company. in a research note on Monday, October 26th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $36.57.

In other Intel news, Chairman Andy D. Bryant sold 207,110 shares of the business’s stock in a transaction on Wednesday, January 27th. The stock was sold at an average price of $29.73, for a total value of $6,157,380.30. Following the completion of the transaction, the chairman now directly owns 536,505 shares in the company, valued at approximately $15,950,293.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian M. Krzanich sold 35,000 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $34.03, for a total value of $1,191,050.00. Following the completion of the transaction, the chief executive officer now owns 357,426 shares of the company’s stock, valued at $12,163,206.78. The disclosure for this sale can be found here.

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (NASDAQ:INTC), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries. The Company’s platforms are used to deliver a range of computing experiences in notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, and the Internet of Things. It also develops and sells software and services focused on security and technology integration. The Company’s operating segments include the PC Client Group (PCCG), the Data Center Group (DCG), the Internet of Things Group (IOTG), the Mobile and Communications Group (MCG), the software and services (SSG) and all other. SSG segment includes McAfee and software and services group. All Other segment includes Non-Volatile Memory Solutions Group, Netbook Group and New Devices Group.

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