UBS has downgraded Rohm Co Ltd. from Buy to Neutral, reducing the price target from JPY2,700 to JPY1,500 due to a slowdown in the electric vehicle sector and increased competition in power semiconductors. Despite high inventory levels and soft demand, Rohm's stock is trading at a low price-to-book ratio of 0.6X, indicating it may be undervalued. The company has maintained dividend payments for 33 consecutive years, offering a dividend yield of 3.93%, which may appeal to income-focused investors.