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Taiwan fabless chipmaker making optical motion-sensor chips, best known for computer-mouse sensors and gesture/AI-vision sensing chips.
Taiwan fabless chipmaker making optical motion-sensor chips, best known for computer-mouse sensors and gesture/AI-vision sensing chips.
Designs sensor chips that customers build into products and leaves manufacturing to outside foundries. The optical mouse sensor, used in computer mice including gaming models, is the long-standing earner, with gesture, fingerprint and AI-vision chips an extension into other devices.
In one line: The dominant supplier of optical mouse-sensor chips, a niche sensing specialist.
Moat: wide (scale, IP / patents, installed base). Dominant, long-standing share of optical mouse-sensor chips with deep IP and peripheral-maker qualification.
Headquarters: Hsinchu, Taiwan · Founded: 2002 · Employees: 735
Size PixArt Imaging (3227.TWO) is a Taiwan Information Technology company (Semiconductors) with a market value of $781M, the 321st largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$170.50 on 6 Nov 2026.
Performance Over six months the shares fell 19.9%, against -24.4% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 9th highest of 19 in its peer set.
Growth Revenue grew 4.6% over the last twelve months (peer median +28.1%); the operating margin is 18.0% (peer median -4.8%).
Valuation It trades at 14.0× forward earnings against a peer median of 19.4× (2nd cheapest of 5).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.3 points above its cost of capital (6.5% WACC).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$9.56B | NT$9.13B | NT$8.36B | NT$5.84B | NT$5.23B |
| Revenue growth | — | +9% | +43% | +12% | — |
| Gross profit | NT$5.66B | NT$5.13B | NT$4.85B | NT$3.06B | NT$2.52B |
| EBITDA | n/a | NT$2.32B | NT$2.07B | NT$1.02B | NT$335M |
| Net income | NT$1.90B | NT$1.81B | NT$1.82B | NT$799M | NT$1.05B |
| Free cash flow | n/a | NT$2.76B | NT$2.36B | NT$1.25B | NT$218M |
| Capital expenditure | n/a | NT$488M | NT$387M | NT$217M | NT$272M |
| Total debt | n/a | NT$203M | NT$220M | NT$176M | NT$177M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| PixArt Imaging 3227.TWO | $781M | -20% | +5% | 18% | 14.0× | 0.0% |
| Infineon Technologies IFX.DE | $66.8B | -33% | +6% | 13% | 26.0× | 30.2% |
| ams-OSRAM AMS.SW | $1.78B | -16% | -3% | 8% | n/a | n/a |
| STM STM | $41.0B | -29% | +16% | 7% | 17.3× | 38.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 3227.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.6% | -10.6% | 9th highest of 21 |
| 6-month return | -19.9% | -24.4% | 9th highest of 19 |
| Distance from 52-week high | -31.8% | -47.5% | 4th highest of 21 |
| Revenue growth (TTM) | +4.6% | +28.1% | 8th lowest of 21 |
| Operating margin | 18.0% | -4.8% | 3rd highest of 21 |
| Forward P/E | 14.0× | 19.4× | 2nd cheapest of 5 |
| Growth the price implies (Req g, 7 yrs) | 0.0% | 19.8% | 2nd least demanding of 8 |
| Growth delivered (Del g) | +2.3% | +2.6% | 4th lowest of 8 |
| Hurdle (Req g minus delivered) | -2.3 pp | +1.3 pp | 3rd least demanding of 8 |
| ROIC minus cost of capital | +2.3 pp | -10.9 pp | 4th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| PixArt Imaging 3227.TWO | Taiwan | $781M | -20% | +5% | 18% | 14.0× | 0.0% | +2.3% |
| Shenzhen Topray Solar 002218.SZ | China | $779M | -32% | -8% | -17% | n/a | 35.9% | -5.6% |
| SENASIC Electronics Technology 6675.HK | Hong Kong | $779M | n/a | +45% | -11% | n/a | n/a | n/a |
| Infotmic 000670.SZ | China | $782M | -18% | +38% | 2% | n/a | n/a | n/a |
| Crealights Technology 1191.HK | Hong Kong | $790M | n/a | +42% | -7% | n/a | n/a | n/a |
| Aeva Technologies AEVA | United States | $767M | -34% | +56% | -611% | n/a | n/a | n/a |
| Tech Semiconductors 300046.SZ | China | $766M | -33% | +27% | 8% | n/a | 45.7% | -1.6% |
| Henan Ancai Hi-Tech 600207.SS | China | $797M | -13% | -41% | -39% | n/a | n/a | n/a |
| CEVA CEVA | United States | $763M | -27% | +9% | -10% | 39.7× | n/a | n/a |
| Wuxi ETEK Microelectronics 688601.SS | China | $799M | -25% | +15% | -5% | 14.3× | n/a | n/a |
| Myson Century 5314.TWO | Taiwan | $759M | -39% | +235% | 19% | n/a | 9.2% | +172.5% |
| Canadian Solar CSIQ | United States | $755M | -45% | -16% | -2% | n/a | n/a | n/a |
| Everlight Electronics 2393.TW | Taiwan | $807M | -17% | -3% | 10% | 13.3× | -11.7% | -1.9% |
| Hangzhou Star Shuaier Electric Appliance 002860.SZ | China | $810M | +16% | -14% | 7% | 24.6× | 19.8% | +18.4% |
| Zhejiang MTCN Technology 003026.SZ | China | $742M | -24% | +29% | 17% | n/a | 30.7% | +9.5% |
| General Interface Solution (GIS) 6456.TW | Taiwan | $824M | 0% | -19% | -3% | n/a | n/a | n/a |
| Changzhou Shichuang Energy 688429.SS | China | $733M | -13% | +30% | -38% | n/a | n/a | n/a |
| Etron Technology 5351.TWO | Taiwan | $835M | +13% | +246% | 21% | n/a | 3.3% | +2.6% |
| Smarter Microelectronics (Guangzhou) 688512.SS | China | $835M | -11% | +43% | -30% | n/a | n/a | n/a |
| Yuneng Technology 688348.SS | China | $729M | -39% | -40% | -58% | n/a | n/a | n/a |
| SFA Semicon 036540.KS | South Korea | $728M | -27% | +37% | -4% | n/a | n/a | n/a |