Zacks has a write-up on Pixelworks, a small cap company that makes LED components. From the article:
"Shares of Pixelworks are currently trading at a P/E of 3.3 on estimated earnings and a 0.29 multiple of price to our estimate of revenue for the next four quarters. We expect this to improve as new products are introduced and revenue growth accelerates. The P/E ratio is well below our esatimated growth rate of earnings of 12%."
Zacks has given a target price of $5.00