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WIth a market cap of $40.1 billion, Monolithic Power Systems, Inc. (MPWR) is a fabless semiconductor company that designs and markets high-performance analog and mixed-signal power solutions used across industrial, automotive, cloud computing, consumer, and communications applications. The company leverages proprietary process technologies and a global customer base spanning the United States, Asia, and Europe.
Shares of the Kirkland, Washington-based company have underperformed the broader market over the past 52 weeks. MPWR stock has dropped 6.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 14.8%. However, shares of the company have surged 44.4% on a YTD basis, outpacing SPX's 9.6% gain.
