Knowledge graph embeddings that generate vector space representations of knowledge graph triples, have gained considerable popularity in past years. Several embedding models have been proposed that achieve state-of-the-art performance for the task of triple completion in knowledge graphs. Relying on the presumed semantic capabilities of the learned embeddings, they have been leveraged for various other tasks such as entity typing, rule mining and conceptual clustering. However, acritical analysis of the utility as well as limitations of these embeddings for semantic representation of the underlying entities and relations has not been performed by previous work. In this paper, we performed a systematic evaluation of popular knowledge graph embedding models to obtain a better understanding of their semantic capabilities as compared to a non-embedding based approach. Our analysis brings attention to the fact that semantic representation in the knowledge graph embeddings is not universal, but restricted to a small subset of the entities based on dataset characteristics. We provide further insights into the reasons for this behaviour. The results of our experiments indicate that careful analysis of benefits of the embeddings needs to be performed when employing them for semantic tasks.