A ceramic capacitor with the designation CAP CER 27PF 16V C0G/NP0 0805 has a capacitance of 27 picofarads and can operate within a voltage range of ±2 volts. It is part of the C0G, also known as NP0, classification, which refers to a specific type of ceramic material used in capacitors for temperature stability and low loss factor. The capacitor is housed in an 0805 (2012 Metric) package size, making it suitable for compact electronic applications.