An embedded magnetic component transformer device includes an insulating substrate with a cavity and a magnetic core housed within the cavity. First and second electrical windings pass through the insulating substrate around the magnetic core. The first electrical winding includes a first end terminal and a second end terminal, and a first tap terminal between the first and second end terminals. The device includes circuitry with a first input terminal electrically connected to the first end terminal and a first output terminal. In a first configuration of the circuitry, the first output terminal is electrically connectable to the second end terminal. In a second configuration of the circuitry, the first output terminal is electrically connectable to the first tap terminal.