GIGADEVICE's stock price surged 5.25% during intraday trading on Tuesday, marking a significant upward movement for the semiconductor company.

The price movement follows reports of substantial share position activity involving the company. According to exchange data, GIGADEVICE recorded HK$2.911 billion in transferred share positions, representing 11.79% of the total. This activity included a shareholder transferring approximately 2.0215 million shares into Hong Kong and Shanghai Banking Corporation while moving 3.529 million shares out of Huatai Hong Kong.

This transfer activity coincided with the lifting of the lock-up period for cornerstone investors in GIGADEVICE's H-shares. A total of 18 shareholders were involved in this unlocking event, with 14.3943 million shares becoming freely tradable. Market analysts note that the proportion of equity released in the Hong Kong market for GIGADEVICE remains exceptionally low, with cornerstone investors alone accounting for about half of this released stake, which may have contributed to positive investor sentiment.