The specified component is a ceramic capacitor, designated as CAP CER 1000PF 50V X7R 0603. It has a capacitance of 1000 picoFarads and can withstand an operating voltage of ±5 volts within its specified parameters. The 0603 designation corresponds to the metric size of 1608, indicating its compact dimensions. This capacitor belongs to the X7R category, which is known for its stable dielectric properties across varying temperatures.