NEW YORK (TheStreet) -- Semiconductor stocks have shown surprising strength this year. Industry consolidation, the Internet of Things, and new types of chip technology, besides silicon, are all leading to bigger profits for shareholders.
Whether your aim is growth or income, there is a semiconductor stock to fit your portfolio.
Here are five of the best.
Micron (MU) , which makes memory chips, is up 44% this year and is due to go higher after reporting quarterly net income of $1.15 billion. That's 96 cents per share in quarterly earnings, fully diluted, on revenues of $4.28 billion. For the full year ending in August, sales were up 80%, to $16.39 billion. Earnings per share were up nearly 250%, to $2.54 fully diluted.
The company also issued strong guidance for fiscal 2015, which began Sept. 1. The Dynamic Random Access Memory chip market -- a.k.a. DRAM -- has consolidated in recent years among three major players: Micron and two Korean companies, SK Hynix and Samsung (SSNLF) , which together have 90% of the DRAM market.
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