The deal was reported by Barron’s resource with reference to open sources. The company’s CEO posted $ 401,050 for 8,021 shares of Intel, increasing his holding to 293,594 shares. Another 3,364 shares of Intel are controlled by Swan through a trust fund. The deal cannot be considered an insider deal, since it was executed automatically in accordance with predetermined conditions. The plan was approved back on April 27, but Intel’s share price dropped to the desired level only on July 24, which allowed Robert Swan to increase his stake.

This is not the first time he has used automated transactions to buy Intel securities. At the end of August last year, Swan spent $ 500,000 on the acquisition of shares in the company. Some analysts continue to believe in Intel’s potential, and the company’s head is likely to share this point of view. Credit Suisse, for example, predicts Intel’s stock price will rise to $ 70, 40% higher than current values. According to experts, Intel is now “serving a sentence on the penalty bench,” and in the future, the stock price will return to growth. The current value of the exchange rate is $ 48.03, which is 18.85% lower than the quotes at the beginning of the year.