74HCT373 Octal transparent D-type latches
74HCT373 - High Speed CMOS Logic Octal Transparent Latches with 3-State Outputs. The 'HCT373 devices are octal transparent D-type latches. When the latch-enable (LE) input is high, the Q outputs follow the data (D) inputs. When LE is low, the Q outputs are latched at the logic levels of the D inputs.
What it can do ? - This is like a Byte of Memory, A Byte means 8 Bits. A Bit Means one Input or Output Pin of an IC, Which understands Logic 1 is High and Logic 0 is Low.