Shares of MaxLinear (MXL) have soared 42 percent thus far in 2016, but they could move even higher should the semiconductor supplier get taken out, said Kevin Landis, portfolio manager for the Firsthand Technology Opportunities Fund (TEFQX) . 'There are acquirers out there talking to all the mid-range chip companies and they are getting scooped up,' said Landis. 'Nowadays they are feeling a bit like they are a little below economic critical mass and so they are good acquisition targets. The Firsthand Technology Opportunities Fund is down four percent thus far in 2016, according to Morningstar. The $78.5 million fund has returned an average of 10.3 percent annually over the past ten years, outpacing 83 percent of its rivals in Morningstar's technology category. Landis is also positive on Power Integrations (POWI) , which has seen its stock rise 3% year-to-date.
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