Needham analyst Rajvindra Gill raised his price target on Silicon Motion to $60 from $57 and kept his Buy rating. Gill notes that after slowing adoption of solid-state drives by clients in the second half of last year due to higher NAND prices, the attach rates are set to top 50% this year given that the 3D NAND pricing has "declined substantially". The analyst adds that Silicon Motion is on track with two flash makers on Quad-Level Cell shipments to start in the second half of this year and ramping up in 2019, further noting that this is the first client SSD QLC NAND flash controller in the marketplace.