What if we told you we found a company that is making over 10 times the profit it made last year (even with current economic conditions) and its stock is now trading near a multi-year low? Would this be craziness or would something be seriously wrong with the company?

We actually did find a company with this incredible growth rate and punished stock price. Not only is this company growing rapidly, but it also has $64 million in the bank with absolutely no debt. Furthermore, 89% of the shares are held by institutions and mutual funds have been adding heartily to their positions at these bargain prices.

Currently 3 analysts rate this stock a "Strong Buy," 1 calls it a "Buy," and 9 call it a "Hold." Piper Jaffray recently upgraded the company's stock to "Buy" from "Hold." The company also sees its shares as undervalued and has increased the size of its current stock buyback program from $10 million to $15 million.

So what is the name of this almost fantasy-like company? Volterra Semiconductor Corp. (VLTR). The company develops and markets high-performance analog and mixed-signal power management semiconductors for the computing, storage, networking and consumer markets.

Adding to this perfect picture is the fact that Intel is anticipated to launch its new server platform in the upcoming quarter which should drive content per server and market share for Volterra Semiconductor. With any economic rebound, this stock may be the one you wished you knew of before the run.