3 Ex-Dividend Stocks With Buy Ratings

NEW YORK ( TheStreet) - The following stocks go ex-dividend Monday, meaning an investor must purchase the shares Friday to qualify for the next dividend payment: Columbia Banking System ( COLB), PCTel ( PCTI) and Xilinx ( XLNX).

Each of them received a buy rating from TheStreet Ratings.

Xilinx

The programmable logic solutions company reported last month that third-quarter earnings of $127 million, or 47 cents per diluted share, down 17% from the previous year.

Think Equity analysts raised their price target to $38 from $29 on Jan. 19.

"We believe that Xilinx experienced a firming of customer orders that equally reflected improving demand and replenishment of lean inventories," Think Equity analysts wrote in a the report following Xilinx's earnings.

Forward Annual Dividend Yield: 2.1%

Rated "A+ (Buy)" by TheStreet Ratings: The company's third-quarter gross profit margin was basically the same as the previous year.

Xilinx is extremely liquid. Its Quick Ratio is 5.16, which shows the company can meet its short-term cash needs.

In the third quarter, stockholders' net worth increased 17.82% from the prior year.

TheStreet Ratings' price target is $47.03. The stock closed Thursday at $36.20.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

PCTel

The software-based connectivity solutions company is scheduled to report fourth-quarter earnings on Feb. 22. Analysts, on average, anticipate earnings of 10 cents a share on revenue of $19.6 million.

The company recently announced it would accelerate its joint venture with PCTel Secure, which Wunderlich Securities analysts described in a Jan. 12 report as, "the company's initiative to participate in the mobile device industry with technology for making smartphones secure for sensitive government agencies."

"The filing stipulates that if the JV delivers a baseline secure smartphone product by the end of March, the company will buy out the JV partner," Wunderlich Securities analysts wrote in the report. "The JV accomplished the goal of creating a prototype Android device with anti-hacking features (ProsettaCore technology) in October."

Forward Annual Dividend Yield: 1.6%

Rated "B- (Buy)" by TheStreet Ratings: The company's third-quarter gross profit margin increased from the previous year.

PCTel is extremely liquid. Its Quick Ratio is 6.57, which demonstrates the company can meet its short-term cash needs.

In the third quarter, stockholders' net worth decreased 1.7% from the prior year.

TheStreet Ratings' price target is $8.72. The stock closed Thursday at $7.50.


Columbia Banking System

The bank reported last week fourth-quarter earnings of $14.8 million, or 37 cents a share, an increase from $12.6 million, or 32 cents, from the prior year.

"We anticipate shareholders should be pleased with COLB's latest results that included a substantial increase in the special dividend to $0.29 (from $0.05) in addition to its current dividend of $0.08," Keefe, Bruyette & Woods analysts wrote in a Jan. 29 report. "Plenty of excess capital still exists with a 13.4% TCE ratio to address organic growth, buybacks, dividend increases and well-priced bank M&A."

Forward Annual Dividend Yield: 1.5%

Rated "B (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin increased from the previous year.

In the fourth quarter, stockholders' net worth increased 7.45% from the prior year.

TheStreet Ratings' price target is $24.28. The stock closed Thursday at $21.23.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

-- Written by Alexandra Zendrian

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to: tips@thestreet.com.

>To follow the writer on Twitter, go to Alexandra Zendrian.