Qualcomm’s $110 a share bid for NXP Semiconductors falls woefully short of the company’s value, according to a report Wednesday from UBS.

The reports backs up claims made by activist investor Paul Singer, whose Elliott Management hedge fund owns a 6 percent stake in NXP and has been pressing for a sweetened offer for weeks.

NXP is worth $130 a share, Elliott maintains.

UBS, which was hired by Elliott to help flesh out a higher bid, valued the chipmaker, whose products are used in smart car technology, at $120 to $150 a share.

“Elliott believes this report provides further evidence that its valuation is well supported and fair,” the $34 billion hedge fund said in a statement.

Investors seem to be expecting a higher bid as NXP shares have been trading above $110 since late July.

Qualcomm needs at least 80 percent of NXP shareholders to tender their shares. As of last month, only 2.4 percent had done so, The Post reported.

NXP shares closed Wednesday at $116.06, up 42 cents.

NXP reps declined to comment.