Shares of MaxLinear(MXL) - Get Report  have soared 42% thus far in 2016, but they could move even higher should the semiconductor supplier get acquired, said Kevin Landis, portfolio manager for the Firsthand Technology Opportunities Fund(TEFQX) - Get Report .

"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 4% thus far in 2016, according to Morningstar. The $78.5 million fund has returned an average of 10.3% annually over the past ten years, outpacing 83% of its rivals in Morningstar's technology category.

Landis is positive on Power Integrations(POWI) - Get Report , which has seen its stock rise 3% year to date. He said Power Integrations is a in a good niche because it is in the "high voltage, high current" area of the chip market as opposed to being focused on logic and loading up on transistors.

"Some of the industrial chip companies might be interested in scooping them up and that's a great play," said Landis.

Integrated Device Technology(IDTI) - Get Report  is another one of Landis' top picks. The semiconductor solutions provider is down 11% thus far in 2016 after disappointing earnings guidance in February. Still, Landis said the company, which sports a $3 billion market-cap, is attractive as a take-out play and should be bought.

"There really should not be free-standing semiconductor companies of this size and within the next few years, one way or another they are going to combine or get scooped up and the landscape will be very different five years from now," said Landis.

Finally, Landis is a fan of InvenSense (INVN) , down 39% year to date, saying the sensor system provider will rebound after worries about its Apple(AAPL) - Get Report  iPhone business caused the stock to sell off earlier this year.