In last few days, Intel witnessed a few insider selling transactions, including from President Renee Jo James and VP William M. Holt

Intel President Renee Jo James offloaded 246,310 shares in a transaction dated Tuesday, Jan. 27. James sold the stock at an average price of $35.29 per share for a total transaction of nearly $8.7 million. After the transaction, the president directly owns 18,571 shares in the company, valued at approximately $655,400, according to a filing with the SEC.

Intel Corporation President Sells Shares Twice In Ten Days

Recent insider selling

In another transaction on Jan. 20, James offloaded 60,544 shares of Intel stock. The stock was sold at an average price of $35.76 per share, for a total value of $2.2 million.

Separately, Intel VP William M. Holt sold 4,537 shares of the company’s stock in an open transaction that took place on Jan. 23. Holt sold the shares at an average price of $36.75 per share for a total value of about $166,700. After the transaction, Holt holds 13,770 shares in the company valued at approximately $506,000.

Investors worried

Intel shares dropped more than 4% following weaker-than-expected results and dismal guidance from Microsoft. The primary reason for the drop in Intel stock was Microsoft’s weak second quarter earnings report, which showed continued weakness in personal computer sales, according to Richard Saintvilus of Investor Place. With Intel stock being affected for no direct reason, investors are now concerned about the next step the company will take. For 2015, Intel stock is down more than 6%, trailing the Dow Jones Industrial Average and the S&P 500.

Investors should keep calm right now. Even though Microsoft and Intel have often moved together, this does not guarantee that the factors affecting one will also hurt the other, according to Saintvilus. Even though PCs make up around 50% of its revenue, Intel is not a merely PC company, as the percentage has dropped from 80% three years ago.

Intel keeping its promises

Additionally, in 2014, Intel started focusing and establishing a leadership position in areas such as big data and the cloud. Intel was aware of the importance of diversification, suggesting that it would like to deliver low-mid teens growth in data center revenue, says the report. Intel has also determined to take forward its profit growth faster than revenue.

For the fourth quarter, Intel posted impressive numbers and delivered on some of the commitments it made to investors. Revenue for the data center business rose 25% year over year, while net income improved 39% year over year.