When making text a component, can the name of the component be the what is in the line of text?

Example: I have a text box that says 'Home' in my nav that I want to add a hover to. When I select the text box press + in the PI on the right to make a component and add a hover, it has renamed my layer/new component "Component 2 – 1". Would rather it rename "Home - Component" or something so I don't have to re name every nav item in my layers and components on the name level.