A switched mode power supply (SMPS) includes a transformer with a primary winding, a secondary winding, an auxiliary winding, and a power switch coupled to the primary winding. During one switching cycle, the auxiliary winding provides a feedback signal which includes a first voltage pulse that is induced after the power switch is turned on and a second voltage pulse that is induced after the power switch is turned off. A control circuit includes a circuit for generating a sampling signal for sampling the second voltage pulse in a switching cycle at a time that is determined based on the first voltage pulse in the same switching cycle. A sample-and-hold circuit is configured for sampling and storing the second voltage pulse in response to the sampling signal. A switching signal generating circuit is configured to generate a switching signal for controlling the power switch based on an output of the sample-and-hold circuit.