Grace Hopper implemented the first and coined the term. https://en.m.wikipedia.org/wiki/History_of_compiler_construc...
(Its output was subroutine calls, but that is a matter for optimization. When your compiler has to fit in 1K machine words, you make compromises.)
It is a pity that when people started to build translators they didn't use that name but instead kept the now obsolete term "compiler".
Words don't have a "true meaning" independent of how they are used.