NEW YORK ( TheStreet) -- For many investors 2012 will be remembered as the year that chips got eaten. With a few exceptions such as Qualcomm (QCOM - Get Report), one can point to any name within the group and present a legitimate argument of why that stock might be undervalued. Avago (AVGO - Get Report) would make my list.Although the company is not as highly regarded as other names such as Broadcom (BRCM), Avago enjoys similar advantages, including having strong ties in the mobile devices market where two of its biggest customers are Apple (AAPL - Get Report) and Samsung. And after delivering a strong fourth quarter, investors would be wise to place this stock on their short lists of outperformers for 2013.
Avago Remains Undervalued
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.