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Monolithic Power Systems Inc (MPWR)



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Upturn Advisory Summary
09/17/2025: MPWR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $843.23
1 Year Target Price $843.23
10 | Strong Buy |
2 | Buy |
5 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 34.04% | Avg. Invested days 48 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 41.04B USD | Price to earnings Ratio 22.22 | 1Y Target Price 843.23 |
Price to earnings Ratio 22.22 | 1Y Target Price 843.23 | ||
Volume (30-day avg) 17 | Beta 1.23 | 52 Weeks Range 437.93 - 947.45 | Updated Date 09/16/2025 |
52 Weeks Range 437.93 - 947.45 | Updated Date 09/16/2025 | ||
Dividends yield (FY) 0.66% | Basic EPS (TTM) 38.57 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 73.17% | Operating Margin (TTM) 24.79% |
Management Effectiveness
Return on Assets (TTM) 12.48% | Return on Equity (TTM) 66.5% |
Valuation
Trailing PE 22.22 | Forward PE 39.22 | Enterprise Value 39914262840 | Price to Sales(TTM) 16.13 |
Enterprise Value 39914262840 | Price to Sales(TTM) 16.13 | ||
Enterprise Value to Revenue 15.69 | Enterprise Value to EBITDA 56.62 | Shares Outstanding 47892000 | Shares Floating 46258404 |
Shares Outstanding 47892000 | Shares Floating 46258404 | ||
Percent Insiders 3.28 | Percent Institutions 101.47 |
Upturn AI SWOT
Monolithic Power Systems Inc

Company Overview
History and Background
Monolithic Power Systems (MPS) was founded in 1997 by Michael Hsing. It initially focused on high-efficiency power solutions for computing and industrial applications. Over time, MPS has expanded its product portfolio and market reach through organic growth and strategic acquisitions.
Core Business Areas
- DC-DC Power Solutions: Designs, develops, and markets high-performance, monolithic power solutions for systems found in computing, networking, industrial, automotive, and consumer applications.
- LED Lighting Drivers: Offers integrated circuits for LED lighting, providing energy-efficient solutions for various lighting applications.
- Motor Drivers: Provides motor control solutions for applications ranging from small appliances to industrial automation.
Leadership and Structure
Michael Hsing is the Chairman, President, and CEO. The company has a typical hierarchical structure with executive leadership overseeing various functional departments like engineering, marketing, sales, and operations. Board of directors provides oversight.
Top Products and Market Share
Key Offerings
- DC-DC Converters: High-efficiency DC-DC converters are a core product. Market share is estimated to be around 5-8% in the overall power management IC market. Competitors include Texas Instruments, Analog Devices, and Infineon.
- Estimated Revenue:
- Estimated Revenue:
- LED Drivers: Integrated LED driver solutions used in various lighting applications. While specific market share data is difficult to obtain, MPS is a significant player. Competitors include Texas Instruments, NXP Semiconductors, and ON Semiconductor.
Market Dynamics
Industry Overview
The power management IC market is driven by demand for energy efficiency, portability, and connectivity across various applications. Key trends include increased integration, higher power densities, and adoption of advanced technologies.
Positioning
MPS focuses on high-efficiency, integrated solutions that offer cost and performance advantages. It competes by offering differentiated products and targeting specific applications where its solutions provide a competitive edge.
Total Addressable Market (TAM)
The total addressable market for power management ICs is estimated to be over $40 billion. MPS is positioned to capture a growing share through its innovative solutions and expansion into new markets.
Upturn SWOT Analysis
Strengths
- High-efficiency products
- Integrated solutions
- Strong R&D capabilities
- Expanding product portfolio
- Solid customer relationships
Weaknesses
- Smaller scale compared to larger competitors
- Reliance on a limited number of key customers
- Potential supply chain vulnerabilities
Opportunities
- Growing demand for power management ICs in electric vehicles
- Expansion into new markets such as data centers and 5G infrastructure
- Increasing adoption of LED lighting
- Strategic acquisitions to expand product offerings
Threats
- Intense competition from larger players
- Fluctuations in demand from key end markets
- Technological obsolescence
- Economic downturns
Competitors and Market Share
Key Competitors
- TXN
- ADI
- INF
- ON
Competitive Landscape
MPS competes with larger, more established companies in the power management IC market. Its advantages include its focus on high-efficiency, integrated solutions and its ability to quickly adapt to changing market needs. Its disadvantages include its smaller scale and limited resources compared to its larger competitors.
Growth Trajectory and Initiatives
Historical Growth: MPS has experienced strong revenue growth over the past several years, driven by demand for its power management solutions.
Future Projections: Analysts project continued growth for MPS, driven by expanding markets and innovative products.
Recent Initiatives: MPS has been focused on expanding its presence in the automotive and industrial markets through new product introductions and strategic partnerships.
Summary
Monolithic Power Systems exhibits a strong focus on high-efficiency power solutions and has shown solid historical growth. It operates in a competitive market dominated by larger players. Key opportunities lie in expanding into automotive and industrial sectors, while threats include intense competition and potential economic downturns. Its focused product portfolio and innovative capabilities position it well for continued growth, although its smaller scale poses a challenge.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry publications
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share estimates are based on available data and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Monolithic Power Systems Inc
Exchange NASDAQ | Headquaters Kirkland, WA, United States | ||
IPO Launch date 2004-11-19 | Founder, Chairman, President & CEO Mr. Michael R. Hsing | ||
Sector Technology | Industry Semiconductors | Full time employees 4017 | Website https://www.monolithicpower.com |
Full time employees 4017 | Website https://www.monolithicpower.com |
Monolithic Power Systems, Inc. designs, develops, markets, and sells semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets in the United States, China, Taiwan, South Korea, Europe, Southeast Asia, Japan, and internationally. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based and on-premises CPU servers, server artificial intelligence applications, storage applications, notebooks, infotainment, workstation applications, power sources, home appliances, and network infrastructure and satellite communications applications. It also offers alternating current to DC, driver metal-oxide-semiconductor field-effect transistor, power management ICs, current limit switch, and lighting control products. The company sells its products through third-party distributors, value-added resellers, end customers and other resellers, original design manufacturers, and original equipment manufacturers. Monolithic Power Systems, Inc. was incorporated in 1997 and is headquartered in Kirkland, Washington.

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