Taiwan Semiconductor Manufacturing Company (TSM) is set to report its fourth-quarter earnings this Thursday morning, and Wall Street's most accurate analysts have been busy adjusting their expectations upward.

The Hsinchu City-based chipmaking giant is expected to post quarterly earnings of $2.71 per share on revenue of $32.62 billion. Those numbers look even more achievable after the company announced stronger-than-expected results on January 9, with December-quarter revenue beating market forecasts on both a monthly and quarterly basis.

Here's how some of the most accurate analysts covering the stock have positioned themselves heading into the print:

Bernstein's Mark Li, who carries a 66% accuracy rate, maintained his Outperform rating while lifting his price target from $290 to $330 on December 8. Needham analyst Charles Shi, boasting a 78% accuracy rate, has maintained his Buy rating with a $360 target since October 27.

Barclays analyst Simon Coles, accurate 65% of the time, kept his Overweight rating and bumped his target from $330 to $355 on October 17. The most bullish take comes from Susquehanna's Mehdi Hosseini, who has a 76% accuracy rate and raised his price target from $300 to $400 on October 10 while maintaining a Positive rating.

TSM shares traded at $331.65 on Tuesday, down 0.1% for the session.