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TXU0104: Use with quadrature encoder PWM signals at 5V HIGH

Part Number: TXU0104
Other Parts Discussed in Thread: SN74AHC125

I've run into issues choosing the wrong translators in the past, so just wanted someone to confirm that the TXU0104 is an appropriate choice for this where I've got two quadrature encoders (4x signals) running from 0 to 5V and I need them translated down to 3V3 for the MCU GPIO pins.

Best regards,
Christopher