NEW YORK ( TheStreet) -- German LED equipment maker Aixtron ( AIXG) hit a 52-week high on Tuesday morning.

German market news reports indicated that Commerz Bank had upgraded shares of Aixtron to a buy on Tuesday.

German shares of the LED equipment company were up 6% on Tuesday. ADR shares of Aixtron opened up by more than 4%.

The share price of $41.80 hit by Aixtron shares on Tuesday morning wasn't just the LED stock's 52-week high, but an all-time high share price.

The bullish trading in Aixtron shares wasn't an isolated event. Last week, Aixtron shares received a big pop on Wednesday after rumors in the press that LED industry bellwether Cree ( CREE) was considering an acquisition of Aixtron.

Aixtron competitor Veeco Instruments ( VECO) gained 2% on Tuesday morning. Over the past five trading sessions, both Veeco and Aixtron have experienced a near-double digit percentage gain.

-- Written by Eric Rosenbaum from New York.

RELATED STORIES:



>To contact the writer of this article, click here: Eric Rosenbaum.

>To follow the writer on Twitter, go to Eric Rosenbaum.

>To submit a news tip, send an email to: tips@thestreet.com.

If you liked this article you might like

Apple Is Secretly Trying to Create a $14 Billion Market

Top Pick for 2017: Universal Display Should Light the Way

5 Things You Must Know Before the Market Opens Friday

Aixtron Shares Slump on Reports Obama Will Reject China Takeover

European Stocks Slip as Investors Stay Cautious Ahead of U.S. Jobs Report