Synopsys, Inc. (NASDAQ: SNPS) ended Thursday, December 18, 2025, modestly higher in regular trading—then held nearly flat in after-hours as investors digested a fresh round of securities class action headlines and positioned for a potentially more volatile Friday session.
In the regular session, SNPS closed at $458.13, up 1.12%, but still lagged several large “semi-adjacent” peers on a day when the broader market advanced. [1]
By late evening in the extended session, Synopsys was trading around $458 (slightly below the close). [2]
Below is what happened after the bell on Dec. 18—and the key catalysts traders will be watching before the U.S. market opens Friday, Dec. 19, 2025.
SNPS after-hours check: where Synopsys stock traded after the close
Synopsys stock action was relatively contained Thursday:
- Regular session close (Dec. 18): $458.13 (+1.12%) [3]
- After-hours (around 7:54 p.m. ET): about $458 (fractionally lower vs. the close) [4]
- Day’s range (regular session): roughly $460.32 open, $467.82 high, $454.69 low [5]
- Volume: roughly 1.7 million shares, below the 50-day average cited by MarketWatch [6]
The takeaway: no dramatic post-close repricing showed up in after-hours trading—often a sign that the day’s headlines were viewed as incremental, not a fundamental reset.
What drove Synopsys stock on Thursday: up day, but still lagging key peers
Even with the green close, Synopsys underperformed several major competitors on Thursday. MarketWatch noted that while SNPS finished higher, it trailed peers including Applied Materials and Lam Research on the day. [7]
That relative lag matters for short-term trading because Synopsys often moves with broader “AI/semi infrastructure” sentiment, but its business is different: it’s primarily chip design software (EDA) and semiconductor IP, not chip manufacturing equipment. When the market is aggressively “risk-on,” money can rotate toward higher-beta names first.
The biggest after-hours headline: securities class action announcements hit the tape
A notable portion of Synopsys-related headlines on Dec. 18 came from law firms and newswire distributions pointing to a securities class action involving the company.
What the announcements say
One widely circulated notice described a lawsuit seeking to recover losses for investors allegedly affected during a stated class period from Dec. 4, 2024 to Sept. 9, 2025, and listed alleged issues tied to Synopsys’ Design IP economics and AI-related customization demands. [8]
Another notice (also distributed publicly) stated the case was filed in the U.S. District Court for the Northern District of California and identified a lead plaintiff deadline of Dec. 30, 2025, including a caption and case number. [9]
Why this matters for Friday’s open
For many large-cap tech stocks, class action notices can be headline noise—but they can still affect short-term sentiment, especially if:
- the story spreads widely on retail-facing news feeds,
- options flows amplify the move,
- or investors worry about distraction risk into upcoming filings/events.
Important nuance: these are announcements about litigation, not a court ruling or a finding of wrongdoing. The market’s muted after-hours reaction suggests traders did not immediately treat the news as a major near-term financial shock.
A second “today” development: insider equity Form 4 filings
Separate from the class action headlines, Form 4 filings posted to the SEC on Dec. 18 showed restricted stock unit (RSU) grants approved under Synopsys’ employee equity plan, including:
- a filing showing CFO Shelagh Glaser receiving 7,554 RSUs (grant date listed as 12/16/2025, filed 12/18/2025). [10]
- another filing showing Chief Accounting Officer Sudhindra Kankanwadi receiving 4,317 RSUs (grant date listed as 12/16/2025). [11]
RSU grants are common at large public companies and are often viewed as routine compensation administration—but they’re still part of the day’s “current tape” for investors tracking governance and insider activity.
The fundamental backdrop investors are still trading: Synopsys’ FY2026 outlook after earnings
While Dec. 18 itself didn’t bring a new earnings release, the stock is still trading in the wake of Synopsys’ Dec. 10 fiscal Q4 and full-year 2025 report—and the company’s stated targets for fiscal 2026.
From Synopsys’ investor release, highlights included:
- Full-year FY2025 revenue:$7.054B (company record, per the release) [12]
- Q4 FY2025 revenue:$2.255B [13]
- Ansys contribution (as stated in the release):$667.7M in Q4 FY2025 and $756.6M in FY2025 [14]
- FY2026 revenue target:$9.56B–$9.66B [15]
- Q1 FY2026 revenue target (ending Jan. 31, 2026):$2.365B–$2.415B [16]
- Q1 FY2026 non-GAAP EPS target:$3.52–$3.58 [17]
- FY2026 non-GAAP EPS target:$14.32–$14.40 [18]
One detail traders often overlook: the company also noted these targets assume no further changes to export control restrictions / “Entity List” restrictions—a reminder that geopolitics and compliance rules remain a swing factor for the broader EDA ecosystem. [19]
A calendar catalyst that lines up with the lawsuit deadline
Synopsys also said it expected to file its annual report on Form 10‑K on or before Dec. 30, 2025—the same date that appears as a lead plaintiff deadline in the litigation notices. [20]
That doesn’t imply causation, but it does mean Dec. 30 is shaping up as a notable “information density” date for anyone trading or hedging SNPS into year-end.
Wall Street’s “current” view: where analyst targets sit heading into Friday
Consensus targets can change frequently, but as of the latest readily available summaries:
- MarketWatch’s analyst snapshot listed an average target price around $560 with an average recommendation of Buy. [21]
- MarketBeat’s consensus showed an average price target of $562.13, with a stated range of $425 to $650 (methodology: aggregation of the most recent targets from analysts within a 12‑month window). [22]
With SNPS closing at $458.13, those consensus targets imply something like low‑20% upside over a 12‑month horizon—though near-term trading can diverge sharply from 12‑month models, especially around options expirations and macro data.
Why Friday could feel different: Dec. 19 is a “quadruple witching” day
The biggest “tomorrow” market-structure factor is simple: Friday, Dec. 19, 2025 is a quadruple witching date—when multiple major derivatives contracts expire. [23]
Quadruple witching days can bring:
- heavier volume,
- sharp intraday swings (especially into the close),
- and mechanically driven moves tied to hedging and options positioning—sometimes with little company-specific news.
That doesn’t mean SNPS will be volatile, but it does mean price action can become less “fundamental” and more “flow-driven.”
Macro and sector context from Dec. 18: inflation news, Fed chatter, and chip sentiment
Even for a software-led semiconductor name like Synopsys, Friday’s open can be influenced by what happened Thursday in macro:
- Reuters coverage highlighted attention around U.S. inflation data and the political conversation around the Fed leadership outlook—topics that can move Treasury yields and, by extension, valuation-sensitive tech stocks. [24]
- Semiconductor sentiment also got a lift from upbeat coverage of Micron’s results and the broader AI-driven memory cycle—often a read-through for parts of the “AI compute stack” that includes design tools. [25]
Synopsys isn’t a memory manufacturer, but when the market interprets data points as “AI capex stays strong,” investors sometimes treat EDA as a second-derivative beneficiary (more chips designed → more EDA seats, more verification, more IP blocks, more systems design).
What to watch before the market opens Friday, Dec. 19, 2025
Here’s a practical pre-market checklist for SNPS traders and longer-term investors:
1) Any follow-on headlines about the lawsuit
The initial notices are out; what matters next is whether:
- mainstream financial outlets pick it up,
- new details appear in additional filings,
- or the company comments (if it does, it will usually come via an SEC filing or formal statement).
The lead plaintiff deadline cited in the notices is Dec. 30, 2025. [26]
2) Scheduled U.S. data at 10:00 a.m. ET
According to the New York Fed’s economic indicators calendar, Friday, Dec. 19 includes releases such as:
- Michigan Consumer Survey (Final) (10:00 a.m. ET)
- NAR Existing Home Sales (10:00 a.m. ET) [27]
These aren’t always market-moving like jobs/CPI, but on a derivatives expiration day, even “second-tier” data can change the tape if it moves yields.
3) Options/expiry-driven price action
Because Dec. 19 is quadruple witching, expect:
- elevated volume around key strikes,
- potential pinning behavior,
- sharper moves into the close.
4) Key technical zones traders will likely reference
Based on the past several sessions, traders may focus on:
- the mid-$450s area (recent closes clustered there),
- the upper-$460s to ~$470 area (recent highs). [28]
Technical levels don’t predict direction, but they often influence stop-loss clustering and hedging behavior.
5) Broader “AI stack” sentiment (chips + tools)
If the market continues rewarding AI-linked semiconductor strength, Synopsys can benefit via sector beta—even without company-specific news. [29]
Bottom line for SNPS ahead of Friday’s open
Synopsys stock barely moved after-hours on Dec. 18, holding near $458, after finishing the day up about 1%. [30]
The main post-close company-specific “headline risk” came from securities class action announcements, while the broader setup for Friday includes a major market-structure event (quadruple witching) and a slate of mid-tier macro data. [31]
For investors, the near-term question isn’t just “what is Synopsys worth?”—it’s whether Friday’s session ends up being flow-driven (expiration mechanics) or headline-driven (litigation and macro), and how that interacts with the company’s most recent FY2026 targets and upcoming year-end filings. [32]
References
1. www.marketwatch.com, 2. stockanalysis.com, 3. www.marketwatch.com, 4. stockanalysis.com, 5. stockanalysis.com, 6. www.marketwatch.com, 7. www.marketwatch.com, 8. www.globenewswire.com, 9. www.newsfilecorp.com, 10. www.sec.gov, 11. www.sec.gov, 12. investor.synopsys.com, 13. investor.synopsys.com, 14. investor.synopsys.com, 15. investor.synopsys.com, 16. investor.synopsys.com, 17. investor.synopsys.com, 18. investor.synopsys.com, 19. investor.synopsys.com, 20. investor.synopsys.com, 21. www.marketwatch.com, 22. www.marketbeat.com, 23. www.investopedia.com, 24. www.reuters.com, 25. www.businessinsider.com, 26. www.globenewswire.com, 27. www.newyorkfed.org, 28. stockanalysis.com, 29. www.businessinsider.com, 30. stockanalysis.com, 31. www.globenewswire.com, 32. investor.synopsys.com
