Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the best 52-week high stocks to invest in, according to short sellers. On May 18, analysts at Bernstein SocGen Group reiterated an Outperform rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) and raised the price target to $430 from $351.

The price target hike comes amid confidence that the company is in a phase of robust growth. Consequently, the research firm expects the company to deliver a 28% compound annual earnings-per-share growth rate over the next 2.5 years. The robust growth would come as Bernstein SocGen does not expect a potential collaboration between Apple and Intel to have any significant impact on Taiwan Semiconductor‘s market position.

While the research firm expects Intel and Samsung Foundry to gain some business due to geopolitical factors, this will be limited. Whereas Samsung Foundry is improving its 4-nanometer and 2-nanometer processes, Taiwan Semiconductor remains ahead.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s largest dedicated semiconductor foundry. TSMC does not design or sell its own products. Instead, it manufactures microchips for over 500 tech companies—such as Apple, Nvidia, and AMD. TSMC mass produces its designs on silicon wafers.