11 Cheap ESG Stocks to Buy According to Hedge Funds

3. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge funds holding: 79

Forward P/E as of May 06, 2025: 11.61

QUALCOMM Incorporated (NASDAQ:QCOM), headquartered in California, is a digital telecommunications provider, operating through three segments, namely Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). With a market capitalization of $162.449 billion, the company is recognized as the 158th most trusted company in America by Forbes. The core values of the company include empowering people, transforming communities, and protecting the planet. It is among the best cheap stocks to consider.

One thing the company is mastering is fulfilling its social responsibility. QUALCOMM Incorporated (NASDAQ:QCOM) has launched an Africa Innovation Platform, featuring mentorship, education, and training programs to facilitate Africa’s technology development. As part of this program, resources are provided for local universities, small-to-medium startups, and grant participants, offering them Qualcomm technical experts and innovative capabilities for mobile platforms and technologies. All of this was done through collaboration with the African Telecommunications Union.

QUALCOMM Incorporated (NASDAQ:QCOM) claims to combine leading performance and power efficiency in its products. QCOM is leveraging its strong footing in the development of building power-efficient smartphone devices in all of its product categories, with the new version being sustainably better than the previous one. In addition, the company has enhanced its collaborations with wireless networks and service providers in initiating technologies that deliver better power efficiency in communication networks. One can’t ignore the company’s efforts towards adopting energy-efficient specifications for a greener wireless ecosystem by partnering with wireless communications standard development organizations.

Other initiatives by the company include increasing digital health literacy through the Tech2Home Care Unit program, vaccinating rural communities, supporting HIV education, and other programs strengthening STEM education and accelerating the Wireless Reach project. QUALCOMM Incorporated (NASDAQ:QCOM) is also increasingly taking water-saving measures, and the most notable of these is its state-of-the-art water-saving technology named Local Scrubber Drain (LSRD).