An integrated circuit with precision current source includes a first MOSFET, a second MOSFET, an op-amp and a resistor formed on a common semiconductor substrate. The first MOSFET is characterized by a first multiplier (xM1) and the second MOSFET is characterized by a second multiplier (xM2) where a ratio of xM2 to xM1 is greater than one. An inverting input of the op-amp is coupled to a drain of the first MOSFET and an output of the op-amp is coupled to a gate of the first MOSFET. A negative feedback circuit limits a rise in output current under low output voltage conditions.