A high capacitance ceramic capacitor, identified by the part number CAP CER 120PF 500V X7R 1206, offers a value of 120 picofarads with ±5% tolerance. It has a maximum voltage rating of 500 volts and is classified as an X7R type, suitable for applications requiring high capacitance values. The metric designation 3216 refers to its dimensions, measuring 3.2 mm by 1.6 mm in size.