MaxLinear apparently is not waiting for an acquirer to buy it. The company is making strides on its own. Here is what Kishore Seendripu, MaxLinear’s chairman and CEO, said:

We remain encouraged by the progress we are making in expanding our strategic footprint into a range of infrastructure markets, as supported by our April 28, 2016 announcement of our acquisition of certain assets and the assumption of certain liabilities related to Microsemi Corporation’s Broadband Wireless Division, which was previously part of PMC-Sierra, Inc., and today’s announcement that we are acquiring Broadcom’s wireless infrastructure backhaul business. We continue to aggressively look for opportunities to accelerate the penetration of our leading analog and mixed-signal technology platform into the wireless infrastructure, data-center, metro and long-haul telecommunications, and cable infrastructure markets.

Shares of MaxLinear were trading at $20.63. The consensus price target is $22.83, and the 52-week range is $9.00 to $20.75.

Power Integrations

Power Integrations Inc. (NASDAQ: POWI) designs and makes analog and mixed-signal integrated circuits and other electronic components and circuitry that are used in high-voltage power conversion. Its market cap is $1.4 billion.

The company’s first-quarter results were reported at the end of April. Power Integrations said that revenues were up 3% to $85.3 million. Its non-GAAP earnings were $0.50 per share, compared with $0.58 in the prior quarter and $0.43 in the first quarter of 2015. Balu Balakrishnan, Power Integration’s president and CEO, said:

Revenues increased from a year ago, and we expect continued growth in the second quarter as demand for our InnoSwitch products continues to ramp in the mobile-device market. The broader InnoSwitch product cycle continues to take shape with the recent introductions of InnoSwitch-CE and the 900-volt InnoSwitch-EP, and we have a robust pipeline of innovative new products on the way that will further expand our addressable market.

Shares of Power Integrations were last seen at $49.25, with a consensus price target of $55.67 and a 52-week range of $36.04 to $52.99.

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We hinted earlier about the massive waves of semiconductor consolidation that has taken place. There have been literally billions worth of consolidation in this space of late. Here are just some of the companies that have been gobbled up by larger chip companies over the past year or more:

• Freescale Semiconductor
• Integrated Silicon Solution
• Altera
• Atmel
• Broadcom (name changed from Avago back to Broadcom post-merger)
• EZchip Semiconductor
• Hutchinson Technology
• Mattson Technology
• OmniVision Technologies
• PMC-Sierra
• KLA-Tencor
• Fairchild Semiconductor
• SanDisk