Other Parts Discussed in Thread: LM27403,
Tool/software:
Whether is used for controlling feedback loop of IC?
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Yes, COMP pin is for the compensation components, the Rs and Cs set the poles and zeros to compensate the power stage.
The datasheet for LM27403 has good overview of control loop link on page 34.
Additionally on the TPS56121, the comp pin is used to set the switching frequency.