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Monolithic Power Systems Inc - Stock Quote MPWR

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Morningstar's Monolithic Power Systems Inc Stock Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Monolithic Power One Ups its Own Strong Quarter With Better Guidance, and Shares Are Still Cheap

Analyst Note

| William Kerwin |

We’re raising our fair value estimate for wide-moat Monolithic Power Systems, or MPS, to $540 per share, from $480 previously, as the company continues to make light work out of steamrolling our above consensus top line expectations. MPS’ first-quarter results were strong, and its impressive second-quarter guidance makes us confident it can retain momentum toward 40% sales growth for the full year. We think MPS is benefitting from tight supply at competitors allowing it to take share, which we think will be sticky in the long run. We also expect MPS to benefit from a new data center refresh cycle in the back half of 2022, and think its differentiated, integrated technology will pave long-term growth and market share gains. Shares were up 7% after hours on strong guidance, but we continue to think the market is undervaluing the long-term growth opportunity for MPS.

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Monolithic Power Systems Inc's Company Profile

Business Description

Monolithic Power Systems is an analog and mixed-signal chipmaker, specializing in power management solutions. The firm’s mission is to reduce total energy consumption in end systems, and it serves the computing, automotive, industrial, communications, and consumer end markets. Monolithic Power uses a fabless manufacturing model, partnering with third-party chip foundries to host its proprietary BCD process technology.

Contact
5808 Lake Washington Boulevard NE
Kirkland, WA, 98033
T +1 425 296-9956
Sector Technology
Industry Semiconductors
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 2,700