4 Chip Stocks Smart Money Is Buying

NEW YORK ( TheStreet) -- Executives at semiconductor companies have been talking about a "bottom" in the cycle, and smart investors have heeded the call, snatching up shares of various chip-makers during the fourth quarter.

Semiconductors, used in everything from computers to mobile phones to automobiles, are generally seen as a barometer for the economy. Stronger sales of semiconductors indicate a stronger economy.

Companies such as Texas Instruments ( TXN), Broadcom ( BRCM), and AMD ( AMD) have noted that enterprise spending is along a bottom, and the economy seems to be picking up.

Read on for four semiconductor stocks that smart investors were adding during the fourth quarter.

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