NEW YORK ( TheStreet) -- Shares of Volterra Semiconductor Corporation (Nasdaq: VLTR) have taken a tremendous swing upward. The stock is trading at $27.68 as of 9:42 a.m. ET, 20.4% above Monday's closing price of $22.99. Volume is at 331,969, 2.1 times the daily average of 159,800. Volterra Semiconductor has a market cap of $580.1 million and is part of the technology sector and electronics industry. Shares are down 0.7% year to date as of the close of trading on Monday. Volterra Semiconductor Corporation engages in the design, development, and marketing of analog and mixed-signal power management semiconductors for the computing, storage, networking, and consumer markets. The company has a P/E ratio of 26.2, below the average electronics industry P/E ratio of 26.5 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Volterra Semiconductor as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Volterra Semiconductor Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.