In one embodiment, a modulo addressing unit for a processor is described that includes a plurality of adders to generate an uncorrected target module address and at least one corrected target module address in parallel. A comparator selects one of the target module addresses a function of a base address (b) for a circular buffer, a length (L) of the circular buffer, an index address (I) and a modifier value (M). In one embodiment the comparator selects a first corrected target module address when I+M =B+L and an uncorrected module address when B