The specified component is a ceramic capacitor, designated as CAP CER 1UF 50V X5R 0603. This capacitor has the following key characteristics: capacitance value of 1 microfarad, a voltage rating of 50 volts, and is classified as an X5R dielectric material type. The capacitor's case size corresponds to the metric designation of 1608, which is equivalent to the industry standard 0603 size.