Techniques for decimating a first periodic signal to generate a second periodic signal. In an exemplary embodiment, the first periodic signal is divided by a configurable integer ratio divider, and the output of the divider is delayed by a configurable fractional delay. The configurable fractional delay may be noise-shaped using, e.g., sigma-delta modulation techniques to spread the quantization noise of the fractional delay over a wide bandwidth. In an exemplary embodiment, the first and second periodic signals may be used to generate the transmit (TX) and receive (RX) local oscillator (LO) signals for a communications transceiver from a single phase-locked loop (PLL) output.